Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a 120 pip movement on UB within 12 hours following the event release at 02 Mar 00:30 UTC. We expect UB to trend upwards 12 hours following the event release at 02 Mar 00:30 UTC if the released value is > 3%
Historical events that allowed us to draw this conclusion
01 Dec 00:30 |
01 Sep 01:30 |
02 Jun 01:30 |
02 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
