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We expect NZDUSD to trend upwards today with a 80% chance.

Based on the last 12 Non Farm Payrolls events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 01 Nov 12:30 if the released value is < 89K. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

06 Sep 12:30
07 Jun 12:30
08 Mar 13:30
07 Dec 13:30

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

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We expect a 62 pip movement on USDCAD within 12 hours following the event release.

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