What to trade around Australia GDP Growth Rate YoY news event

Based on the last 12 GDP Growth Rate YoY events in Australia, we expect USDCHF to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCHF to trend downwards 48 hours following the event release at 05 Dec 00:30 if the released value is > 3.3%. A price movement of 105 pips is expected.

Historical events that allowed us to draw this conclusion

05 Sep 02:30

06 Jun 02:30

01 Jun 02:30

02 Mar 00:30

02 Dec 00:30

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

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