We expect a $6232140 movement on NKD within 4 hours following the release of RBA Interest Rate Decision.

We expect a $6232140 movement on NKD within 4 hours following the release of RBA Interest Rate Decision at 2024-11-05 03:30. We expect NKD to trend downwards 4 hours following the event release at 2024-11-05 03:30 if the released value is < 4.35%. A price movement of 162 pips is expected. Historical events that allowed us to draw this conclusion

01 Aug 04:30

04 Jul 04:30

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