Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect HG to trend upwards. Based on these past events there is a 66.67% chance of this. We expect HG to trend upwards for 48 hours because the released value is > 2.6%. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
05 Sep 01:30 |
06 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
