United Kingdom GfK Consumer Confidence News Event – a possible $740 movement on NZDUSD

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $740 movement on NZDUSD within 48 hours following the event release at 25 Jun 09:01. We expect NZDUSD to trend upwards 48 hours following the event release at 25 Jun 09:01 if the released value is < -7 Historical events that allowed us to draw this conclusion

23 Apr 09:01
23 Oct 10:01
24 Jul 09:01

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