We expect NZDUSD to trend upwards for the next 12 hours. Based on these past Euro Area Inflation Rate YoY Flash news events there is a 83.33% chance of this. We expect this to happen because the released value is > 2.3%. A price movement of 65 pips is expected.
Historical events that allowed us to draw this conclusion
03 Feb 10:00 |
31 Oct 10:00 |
31 Jul 09:00 |
31 May 09:00 |
01 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
