We expect NZDUSD to trend upwards for the next 4 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen because the released value is > 0.6%. A price movement of 24 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 22:00	04 Jan 00:00
27 Jun 22:00

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