Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 7.3%
Historical events that allowed us to draw this conclusion
01 Mar 13:00 |
29 Sep 12:00 |
30 Aug 12:00 |
30 May 12:00 |
28 Apr 12:00 |
30 Mar 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
