Be very careful of upcoming volatility because of Australia GDP Growth Rate YoY news event later today. Based on the last 12 GDP Growth Rate YoY events in Australia, we expect a $8.942 movement on OJ within 2 hours following the event release at 04 Sep 01:30. We expect this to happen if the released value is > 1.4%. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
