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Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect a 116 pip movement on AUDUSD for the next 48 hours. We expect AUDUSD to trend upwards for 48 hours because the released value is = -12.1%
Historical events that allowed us to draw this conclusion
15 May 19:00 |
14 Nov 21:00 |
14 Aug 19:00 |
14 Feb 21:00 |
14 Nov 21:00 |
15 May 19:00 |
14 Feb 21:00 |
16 Aug 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).