What to trade around United States GDP Growth Rate QoQ 2nd Est news event
Based on the last 12 GDP Growth Rate QoQ 2nd Est events in United States, 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 4 hours following the event release at 27 Aug 22:30 if the released value is = -32.5%. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
|28 Feb 00:30
||29 Aug 22:30
|30 May 22:30
||01 Mar 00:30
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).