Why you should close your NZDUSD positions today

Be very careful of upcoming volatility because of United States GDP Price Index QoQ 2nd Est news event later today. Based on the last 12 GDP Price Index QoQ 2nd Est events in United States, we expect a $230 movement on NZDUSD within 4 hours following the event release at 28 Nov 13:30. We expect this to happen if the released value is < 1.4%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

30 May 13:30
29 Nov 13:30
28 Feb 13:30
29 Nov 13:30

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

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