We expect a $400 movement on GBPUSD within 4 hours following the release of GDP Growth Rate QoQ 1st Est at 30 Apr 05:30.
We expect GBPUSD to trend down 4 hours following the event release at 30 Apr 05:30 if the released value is < 0.3%. A price movement of 40 pips is expected.
Historical events that allowed us to draw this conclusion
30 Oct 06:30 |
27 Jul 05:30 |
27 Apr 05:30 |
28 Oct 05:30 |
29 Jul 05:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
