Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect NZDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 2022-10-31 20:00 if the released value is > 0%. A price movement of 82 pips is expected.

Historical events that allowed us to draw this conclusion

29 Jul 18:00	31 Jan 21:00
29 Oct 19:00	30 Jul 18:00
30 Apr 18:00	02 Feb 20:00
30 Oct 20:00	31 Jul 18:00

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