35 pip movement on NZDUSD expected

Based on the last 12 Continuing Jobless Claims events in United States, we expect a 35 pip movement on NZDUSD within 2 hours following the event release at 2023-05-11 22:30. We expect NZDUSD to trend upwards 2 hours following the event release at 2023-05-11 22:30 if the released value is < 1820K Historical events that allowed us to draw this conclusion

04 May 22:30
13 Apr 22:30
30 Mar 23:30
03 Mar 00:30
24 Feb 00:30

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