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Based on the last 12 Interest Rate Decision events in New Zealand, we expect GBPUSD to trend upwards right now. Based on these past events there is a 70% chance of this. We expect GBPUSD to trend upwards for the next 4 hours because the released value is = 0.75%. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
14 Jul 12:00 |
26 May 12:00 |
14 Apr 12:00 |
24 Feb 12:00 |
11 Nov 12:00 |
12 Aug 12:00 |
13 May 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).