We expect LE to trend upwards today.

Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect LE to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect LE to trend upwards 48 hours following the event release at 02 Dec 00:30 if the released value is > 2.6%. A price movement of 409 pips is expected.

Historical events that allowed us to draw this conclusion

04 Mar 00:30
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”).

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