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”).