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

We expect NZDUSD to trend upwards later today. Based on these past United Kingdom PPI Input YoY news events there is a 80% chance of this. We expect this to happen if the released value is < 0.5%. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

22 May 08:30
20 Mar 09:30
13 Feb 09:30
19 Sep 08:30

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

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