Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a 0 pip movement on BP for the next 4 hours. We expect BP to trend downwards for 4 hours because the released value is > -2.7%
Historical events that allowed us to draw this conclusion
01 Sep 01:30 |
02 Jun 01:30 |
02 Dec 00:30 |
04 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
