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We expect a $470 movement on NZDUSD within 48 hours following the release of ZEW Economic Sentiment Index at 16 Mar 21:00. We expect NZDUSD to trend downwards 48 hours following the event release at 16 Mar 21:00 if the released value is > 74. A price movement of 47 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 21:00 |
08 Dec 21:00 |
15 Sep 19:00 |
11 Aug 19:00 |
16 Jun 19:00 |
21 Apr 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).