Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect a $800 movement on NZDUSD within 48 hours following the event release at 02 Feb 21:00. We expect NZDUSD to trend downwards 48 hours following the event release at 02 Feb 21:00 if the released value is = -1%

Historical events that allowed us to draw this conclusion

31 Jul 19:00	31 Jan 21:00
02 May 19:00

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