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We expect NQ to trend upwards today with a 80% chance.

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 80% chance of this. This may happen if the released value is = 0.5%

Historical events that allowed us to draw this conclusion

26 May 02:00
14 Apr 02:00
11 Nov 01:00
23 Sep 02:00
12 Aug 02:00
24 Jun 02:00
13 May 02:00
12 Feb 01:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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