We expect HG to trend upwards for the next 48 hours. Based on these past Australia RBA Interest Rate Decision news events there is a 72.73% chance of this. We expect this to happen because the released value is = 0.25%. A price movement of 6 pips is expected.
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 |
01 Oct 04:30 |
03 Sep 04:30 |
06 Aug 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
