Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect UB to trend downwards right now. Based on these past events there is a 75% chance of this. We expect UB to trend downwards for the next 2 hours because the released value is > 0.3%. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
05 Sep 01:30 |
06 Jun 01:30 |
01 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
