What to trade around the GB GDP Growth Rate QoQ Prel news event
Based on the last 12 GDP Growth Rate QoQ Prel events in GB, we expect NZDUSD to trend up right now. Based on these past events there is a 80.0% of this.
We expect NZDUSD to trend up for the next 4 hours because the released value is = 0.2%. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
|09 Nov 09:30
|10 Aug 08:30
|26 Jul 08:30
|28 Jan 09:30
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)