Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect NZDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend upwards 4 hours following the event release at 30 Mar 23:00 if the released value is > 6.3%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

01 Feb 00:00	30 Nov 00:00
28 Oct 23:00	29 Jul 22:00
31 May 22:00

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