Based on the last 12 RBA Interest Rate Decision events in Australia, we expect 6A to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect 6A to trend upwards 4 hours following the event release at 05 May 04:30 if the released value is = 0.25%. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
19 Mar 03:30 |
04 Feb 03:30 |
03 Dec 03:30 |
05 Nov 03:30 |
03 Sep 04:30 |
06 Aug 04:30 |
02 Jul 04:30 |
07 May 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
