Based on past Germany Inflation Rate YoY Prel news events there is a 85.71% chance of NZDUSD trending upwards. We expect this to happen because the released value is > 5.1%. A price movement of 54 pips is expected.
Historical events that allowed us to draw this conclusion
29 Nov 13:00 |
28 Oct 12:00 |
29 Jul 12:00 |
31 May 12:00 |
01 Mar 13:00 |
28 Jan 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
