Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect AUDUSD to trend downwards later today. Based on these past events there is a 87.5% chance of this. We expect AUDUSD to trend downwards 12 hours following the event release at 31 Jul 09:00 if the released value is = 0.2%. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 10:00 |
02 May 09:00 |
30 Jan 10:00 |
31 Oct 10:00 |
01 Aug 09:00 |
03 May 09:00 |
31 Oct 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
