Based on the last 12 Interest Rate Decision events in New Zealand, we expect NQ to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect NQ to trend upwards 2 hours following the event release at 26 May 02:00 if the released value is = 0.25%. A price movement of 6,575 pips is expected.
Historical events that allowed us to draw this conclusion
24 Feb 01:00 |
11 Nov 01:00 |
12 Aug 02:00 |
24 Jun 02:00 |
13 May 02:00 |
12 Feb 01:00 |
25 Sep 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
