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We expect a 2 pip movement on FF within 48 hours following the event release.

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a 2 pip movement on FF within 48 hours following the event release at 07 Jul 04:30 UTC. We expect FF to trend upwards 48 hours following the event release at 07 Jul 04:30 UTC if the released value is = 0.25%

Historical events that allowed us to draw this conclusion

02 Jun 04:30
05 May 04:30
19 Mar 03:30
04 Feb 03:30
03 Dec 03:30
05 Nov 03:30
01 Oct 04:30
03 Sep 04:30
02 Jul 04:30
04 Jun 04:30

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

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Support line breached by GER30. This price has been tested at least twice before.

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We expect HG to trend upwards for the next 48 hours.

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