Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect a 22 pip movement on NZDUSD within 2 hours following the event release at 18 May 09:00 UTC. We expect NZDUSD to trend downwards 2 hours following the event release at 18 May 09:00 UTC if the released value is = -0.6%

Historical events that allowed us to draw this conclusion

14 Aug 09:00

15 May 09:00

14 Nov 10:00

14 Aug 09:00

15 May 09:00

14 Feb 10:00

15 May 09:00