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Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a 82 pip movement on NZDUSD within 12 hours following the event release at 2023-04-28 18:00. We expect NZDUSD to trend downwards 12 hours following the event release at 2023-04-28 18:00 if the released value is > 0.2%
Historical events that allowed us to draw this conclusion
29 Jul 18:00 |
31 Jan 21:00 |
29 Oct 19:00 |
30 Jul 18:00 |
30 Apr 18:00 |
02 Feb 20:00 |
30 Oct 20:00 |
31 Jul 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).