What to trade around United Kingdom Claimant Count Change news event

Based on the last 12 Claimant Count Change events in United Kingdom, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 23 Mar 18:00 if the released value is > -17K. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

15 Dec 18:00
11 Aug 16:00
16 Jun 16:00

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