Based on past New Zealand Interest Rate Decision news events there is a 70% chance of 6E trending downwards. We expect this to happen if the released value is = 0.5%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
26 May 02:00 |
14 Apr 02:00 |
11 Nov 01:00 |
23 Sep 02:00 |
24 Jun 02:00 |
13 May 02:00 |
12 Feb 01:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
