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We expect a 29 pip movement on GBPUSD within 4 hours following the event release.

Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect a 29 pip movement on GBPUSD within 4 hours following the event release at 14 Aug 09:00 UTC. We expect GBPUSD to trend downwards 4 hours following the event release at 14 Aug 09:00 UTC if the released value is = 0.2%

Historical events that allowed us to draw this conclusion

15 May 09:00
14 Feb 10:00
14 Nov 10:00
15 May 09:00
14 Feb 10:00
14 Nov 10:00
16 Aug 09:00
15 Nov 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a 6 pip movement on USDJPY within 2 hours following the event release.

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We expect a $170 movement on NZDUSD within 12 hours following the release of GDP Growth Rate YoY 2nd Est.

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