What to trade around Italy GDP Growth Rate YoY Adv news event

Past performance is not an indicator of future results.
Based on the last 12 GDP Growth Rate YoY Adv events in Italy, we expect AUDUSD to trend upwards right now. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards for the next 12 hours because the released value is < 0.3%. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 09:00

31 Jul 11:00

14 Feb 09:00

12 Feb 09:00

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

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