Based on past United Kingdom GfK Consumer Confidence news events there is a 71.43% chance of NZDUSD trending downwards. We expect this to happen because the released value is > -8. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
|20 May 23:01|
|19 Mar 00:01|
|19 Feb 00:01|
|22 Jan 00:01|
|18 Dec 00:01|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).