We expect NZDUSD to trend upwards later today. Based on these past United States Philadelphia Fed Manufacturing Index news events there is a 80% chance of this. We expect this to happen if the released value is < 15. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
15 Nov 13:30 |
16 Aug 13:30 |
21 Jun 13:30 |
18 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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