Japan Consumer Confidence News Event – a $660 opportunity on NZDUSD

We expect a $660 movement on NZDUSD within 48 hours following the release of Consumer Confidence at 31 Aug 15:00. We expect NZDUSD to trend downwards 48 hours following the event release at 31 Aug 15:00 if the released value is < 37. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion

30 Apr 15:00
06 Jan 16:00
29 Oct 16:00

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