We expect GF to trend downwards for the next 12 hours. Based on these past United States GDP Growth Rate QoQ Final news events there is a 75% chance of this. We expect this to happen because the released value is > 2.1%. A price movement of 368 pips is expected.
Historical events that allowed us to draw this conclusion
30 Sep 12:30 |
22 Dec 13:30 |
30 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
