Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect AUDUSD to trend upwards later today. Based on these past events there is a 70% chance of this. We expect AUDUSD to trend upwards 4 hours following the event release at 14 Feb 21:00 if the released value is = 0.1%. A price movement of 57 pips is expected.

Historical events that allowed us to draw this conclusion

14 Feb 21:00
14 Nov 21:00
14 Nov 21:00
16 May 19:00

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