Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect a $700 movement on NZDUSD within 4 hours following the event release at 04 Jun 21:45. We expect NZDUSD to trend downwards 4 hours following the event release at 04 Jun 21:45 if the released value is = 0%

Historical events that allowed us to draw this conclusion

12 Mar 23:45	23 Jan 23:45
24 Oct 22:45	12 Sep 21:45
25 Jul 21:45	07 Mar 23:45
24 Jan 23:45	13 Dec 23:45

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