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We expect UB to trend downwards right now.

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”).

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