Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a 0 pip movement on RA within 12 hours following the event release at 03 Jun 01:30 UTC. We expect RA to trend downwards 12 hours following the event release at 03 Jun 01:30 UTC if the released value is < -0.3% 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”).
