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We expect a 12 pip movement on EURUSD within 2 hours following the event release.

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a 12 pip movement on EURUSD within 2 hours following the event release at 03 Dec 03:30 UTC. We expect EURUSD to trend upwards 2 hours following the event release at 03 Dec 03:30 UTC if the released value is = 0.75%

Historical events that allowed us to draw this conclusion

05 Nov 03:30
03 Sep 04:30
06 Aug 04:30
02 Jul 04:30
04 Jun 04:30
07 May 04:30
02 Apr 03:30
04 Dec 03:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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