Japan GDP Growth Rate QoQ Prel News Event – a $90 opportunity on NZDUSD

We expect a $90 movement on NZDUSD within 2 hours following the release of GDP Growth Rate QoQ Prel at 17 May 23:50. We expect NZDUSD to trend downwards 2 hours following the event release at 17 May 23:50 if the released value is < -1.2%. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion

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16 Feb 23:50
13 Nov 23:50
15 May 23:50