Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect TN to trend upwards later today. Based on these past events there is a 75% chance of this. We expect TN to trend upwards 48 hours following the event release at 02 Jun 01:30 if the released value is > 1.5%. A price movement of 191 pips is expected.
Historical events that allowed us to draw this conclusion
02 Dec 00:30 |
04 Mar 00:30 |
05 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
