United Kingdom Inflation Rate YoY News Event – a possible $620 movement on NZDUSD

Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a $620 movement on NZDUSD within 48 hours following the event release at 15 Sep 16:00. We expect NZDUSD to trend upwards 48 hours following the event release at 15 Sep 16:00 if the released value is > 2.9%

Historical events that allowed us to draw this conclusion

14 Jul 16:00
17 Feb 18:00
20 Jan 18:00
18 Nov 18:00
16 Sep 16:00

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