Euro Area GDP Growth Rate QoQ Flash News Event – a $360 opportunity on AUDUSD

We expect a $360 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend downwards 4 hours following the GDP Growth Rate QoQ Flash events in Euro Area release because the released value is > 2%. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jul 19:00
30 Apr 19:00
02 Feb 21:00
30 Apr 19:00

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