Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect a $140 movement on AUDUSD within 2 hours following the event release at 31 Jul 19:00. We expect AUDUSD to trend downwards 2 hours following the event release at 31 Jul 19:00 if the released value is = -12%

Historical events that allowed us to draw this conclusion

31 Jul 19:00	02 May 19:00
31 Oct 21:00	01 Aug 19:00

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