Are you on the right side of Euro Area GDP Growth Rate QoQ 2nd Est news event?
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”).