Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect AUDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards 48 hours following the event release at 13 Nov 23:50 if the released value is > 0.2%. A price movement of 103 pips is expected.
Historical events that allowed us to draw this conclusion
08 Aug 23:50 |
19 May 23:50 |
09 Aug 23:50 |
13 Aug 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
