Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect NZDUSD to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 2023-01-31 06:30 if the released value is > 0%. A price movement of 79 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jul 05:30 |
28 Jan 06:30 |
29 Oct 05:30 |
30 Jul 05:30 |
30 Apr 05:30 |
30 Oct 06:30 |
31 Jul 05:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
