Australian GDP Release

There is an opportunity to trade tonight when the Australian GDP is released at 9:30pm EST. Your focus should be on the GDP (QoQ) figure, and the expectation for this release is -0.2%. We have placed a safe trigger of 0.4% for this release; however, you may be able to lower the trigger to 0.3% and still have a fairly safe trigger. We have historically seen moves of around 25 to 40 pips when this release has met the safe deviation.

As the AUDUSD has been in a strong up trend lately we will probably prefer to see a buy trigger, but it should be tradable either way. You will want to keep a close eye on this one as sometimes the data comes out late and the market has already moved. If you see that the market is making a strong move and the data hasn’t come out, you will want to turn off the auto click quickly.

Below is a chart on the AUDUSD from the last time this release met the safe trigger in March.

We will not have the Live Trade Room open for this trade, but I wanted to make you aware of the opportunity.

Our next Live on the News trade opportunities will be on Friday when the Canadian Labor Change and US Non-Farm Payrolls reports are released.

Good Luck!!!!

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