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Based on the last 12 Interest Rate Decision events in New Zealand, we expect a 29 pip movement on GBPUSD within 2 hours following the event release at 18 Aug 12:00 GMT+10. We expect GBPUSD to trend upwards 2 hours following the event release at 18 Aug 12:00 GMT+10 if the released value is = 0.5%
Historical events that allowed us to draw this conclusion
14 Jul 12:00 |
26 May 12:00 |
14 Apr 12:00 |
24 Feb 12:00 |
11 Nov 12:00 |
13 May 12:00 |
12 Feb 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).