Based on the last 12 Business Confidence events in EMU, we expect a $50 movement on NZDUSD within the next 2 hours.
We expect NZDUSD to trend up for the next 2 hours because the released value is < 0.49
Historical events that allowed us to draw this conclusion
08 Jan 10:00 |
30 Oct 10:00 |
30 Aug 09:00 |
30 Jul 09:00 |
28 Jun 09:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
