Based on the last 12 Inflation Rate YoY events in United States, we could expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 10 Jun 12:30 if the released value is = 8.3%. A price movement of 57 pips could result.
Historical events that allowed us to draw this conclusion
10 Mar 13:30 |
12 Jan 13:30 |
10 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
