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Be very careful of upcoming volatility. We expect a $8.942 movement on OJ.

Be very careful of upcoming volatility because of Australia GDP Growth Rate YoY news event later today. Based on the last 12 GDP Growth Rate YoY events in Australia, we expect a $8.942 movement on OJ within 2 hours following the event release at 04 Sep 01:30. We expect this to happen if the released value is > 1.4%. A price movement of 9 pips is expected.

Historical events that allowed us to draw this conclusion

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect a $0 movement on SI within 2 hours following the event release at 04 Sep 01:30.

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