Based on the last 12 GDP Growth Rate QoQ Flash events in EMU, we expect AUDUSD to trend down later today. Based on these past events there is a 75.0% of this.
We expect AUDUSD to trend down 4 hours following the event release at 30 Oct 10:00 if the released value is = 0.4%. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
02 May 09:00 |
31 Oct 10:00 |
01 Aug 09:00 |
03 May 09:00 |
31 Oct 10:00 |
12 Feb 10:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
