Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 03 Mar 11:30 if the released value is > 2.5%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

04 Mar 11:30	05 Sep 11:30
06 Jun 11:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).