Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a 669 pip movement on RTY within 4 hours following the event release at 03 Mar 00:30 UTC. We expect RTY to trend upwards 4 hours following the event release at 03 Mar 00:30 UTC if the released value is > 2.5%
Historical events that allowed us to draw this conclusion
02 Dec 00:30 |
04 Mar 00:30 |
06 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
