We expect a $180 movement on NZDUSD within 2 hours following the release of Markit Manufacturing PMI Flash at 23 Jun 17:30. We expect NZDUSD to trend upwards 2 hours following the event release at 23 Jun 17:30 if the released value is > 63. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

24 Mar 19:30	19 Feb 19:30
16 Dec 19:30	23 Nov 19:30
23 Oct 18:30	23 Sep 17:30
21 Aug 17:30	24 Jul 17:30

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