Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a 82 pip movement on NZDUSD for the next 48 hours. We expect NZDUSD to trend downwards for 48 hours because the released value is > 0.5%
Historical events that allowed us to draw this conclusion
29 Oct 08:00 |
30 Jul 08:00 |
30 Apr 08:00 |
31 Jul 08:00 |
30 Apr 10:00 |
31 Jul 10:00 |
30 Apr 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
