Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a 320 pip movement on UB for the next 12 hours. We expect UB to trend downwards for 12 hours because the released value is = 0.1%
Historical events that allowed us to draw this conclusion
05 Oct 03:30 |
07 Sep 04:30 |
01 Jun 04:30 |
02 Mar 03:30 |
02 Feb 03:30 |
01 Dec 03:30 |
03 Nov 03:30 |
06 Oct 03:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
