We expect NZDUSD to trend downwards for the next 4 hours. Based on these past Euro Area Industrial Production YoY news events there is a 87.5% chance of this. We expect this to happen because the released value is > 0.8%. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jul 09:00 |
13 May 09:00 |
20 Apr 09:00 |
16 Feb 10:00 |
14 Dec 10:00 |
13 Oct 09:00 |
15 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
