Australian GDP (Q/Q)

Fx News Spike Signals by Crazy Cat, 2018/03/06

Release Time: 19:30 New York time (EST)
Primary currency pair: AUD/USD
Forecast: 0.5%
Prior: 0.6%
LT1 (Lower Trigger 1): -0.4 [SELL]
UT1 (Upper Trigger 1): +0.5 [BUY]

If the Australian GDP (Q/Q) comes out at 0.1 or less ( -0.4 trigger), AUD/USD should go down by about 30 pips. If it comes out at +1.0 or better ( +0.5 trigger), AUD/USD should go up by about 30 pips.

Based on 28 estimates, median estimate is 0.5% and the average estimate is 0.54%. The lowest estimate is 0.2% (one vote), then 0.4% (seven votes), and then 0.5% (seven votes). The highest estimate is 0.8% (two estimates), then 0.7% (five estimates), and finally 0.6% (six estimates). One standard deviation is +/- 0.14, about same as last time.

Historically the Q/Q was always released before the Y/Y number but of course that's never guaranteed. One thing for sure, they will not be released exactly at the same time and most likely the Q/Q will be released first.

Please note that very often Australian reports are released a bit late through major official channels so please pay attention to pre-release price action. If you see a spike before official announcement, please abort mouse clicks and stay away. For that reason I consider it very risky to trade.

As always, it's highly recommended to visit our economic calendar to check how it performed in the past, including price actions (charts) and deviations.

Forex news history and charts

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