Canada GDP Growth Rate QoQ News Event – a $280 opportunity on AUDUSD
We expect a $280 movement on AUDUSD within 12 hours following the release of GDP Growth Rate QoQ at 28 Aug 22:30. We expect AUDUSD to trend upwards 12 hours following the event release at 28 Aug 22:30 if the released value is < -12%. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion
|31 May 22:30
||03 Mar 00:30
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).