Want to know why NZDUSD is going up today?
Based on the last 12 Balance of Trade events in GB, we expect a $70 movement on NZDUSD within 2 hours following the event release at 11 Jan 09:30.
We expect NZDUSD to trend up 2 hours following the event release at 11 Jan 09:30 if the released value is > £ -2.2B
Historical events that allowed us to draw this conclusion
|09 Nov 09:30
|10 Sep 08:30
|10 Aug 08:30
|11 Apr 08:30
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)