Based on the last 12 RBA Interest Rate Decision events in Australia, we may expect EMD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because the released value is = 3.85%. A price movement of 94 pips may be experienced.
Historical events that allowed us to draw this conclusion
01 Apr 04:30 |
18 Feb 03:30 |
10 Dec 03:30 |
05 Nov 03:30 |
24 Sep 04:30 |
07 May 04:30 |
05 Dec 03:30 |
07 Nov 03:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
