Japan GDP Growth Rate QoQ Prel News Event – a $50 opportunity on NZDUSD

Past performance is not an indicator of future results.
We expect a $50 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards 2 hours following the GDP Growth Rate QoQ Prel events in Japan release because the released value is < 0.4%. A price movement of 5 pips is expected.

Historical events that allowed us to draw this conclusion

16 May 00:50

13 Feb 23:50

12 Feb 23:50

15 Aug 00:50

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

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