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We expect a 120 pip movement on UB within 12 hours following the event release.

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”).

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