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Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD. Here is the forecast:

9:30pm (NY Time) AU GDP q/q Forecast 0.9% Previous 0.5%
ACTION: AUD/USD BUY 1.2% SELL 0.6%

Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter.  Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.  Here is the forecast:

9:30pm (NY Time) AU GDP q/q     Forecast 0.6%    Previous 0.9%
ACTION: AUD/USD      BUY 0.9%        SELL 0.3%

7:30pm (NY Time) AU GDP q/q     Forecast 0.9%    Previous 0.2%
ACTION: AUD/USD      BUY 1.2%        SELL 0.6%

We’ll be looking for a trading opportunity from the quarterly GDP release today out of Australia, which is expected by analysts expectation from Bloomberg to be at 0.9%.  As Australia’s GDP number has maintained on the positive side for the last couple of quarters, this release number will probably not have a trend changing impact on the AUD unless it’s a negative number or flat (0.0%) release.

7:30pm (NY Time) AU GDP q/q     Forecast 0.4%    Previous 0.6%
ACTION: AUD/USD      BUY 0.8%        SELL 0.3%

We’ll be focusing on the quarterly GDP release today out of Australia, which is expected by a wide range of analysts surveyed by Bloomberg to be at 0.4%.  As Australia’s GDP number has maintained on the positive side for the last couple of quarters, this release number will probably not have a trend changing impact on the AUD unless it’s a negative number.