We expect NZDUSD to trend upwards later today. Based on these past Japan Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is > 2.4%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
25 Apr 23:30 |
28 Feb 23:30 |
27 Dec 23:30 |
29 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
