Based on past Germany Inflation Rate YoY Prel news events there is a 83.33% chance of NZDUSD trending upwards. We expect this to happen if the released value is > 4.2%. A price movement of 38 pips is expected.
Historical events that allowed us to draw this conclusion
29 Jul 22:00 |
31 May 22:00 |
02 Mar 00:00 |
29 Jan 00:00 |
30 Oct 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).