Australian GDP (Q/Q)

Fx News Spike Signals by Crazy Cat, 2020/03/03

Release Time: 19:30 New York time (EST)
Primary currency pair: AUD/USD
Forecast: 0.4%
Prior: 0.4%
LT1 (Lower Trigger 1): -0.3 [SELL]
UT1 (Upper Trigger 1): +0.3 [BUY]
Safety: 1

If the Australian GDP (Q/Q) comes out at 0.1 or less ( -0.3 trigger), AUD/USD should go down by about 35 pips. If it comes out at +0.7 or better ( +0.3 trigger), AUD/USD should go up by about 35 pips.

Based on 31 estimates, the median estimate is 0.4% and the average estimate is 0.38%. The lowest estimate is 0.1% (one vote), then 0.2% (one vote), then 0.3% (13 votes) and 0.4% (nine estimates). The highest estimate is 0.8% (one estimate), then 0.7% (one estimate), 0.6% (one estimate), and finally 0.5% (four estimates). One standard deviation is +/- 0.14, higher than the 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 the official announcement, please abort mouse clicks and stay away. For that reason, I consider it quite 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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