Based on the last 12 RBA Interest Rate Decision events in Australia, we expect YM to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect YM to trend upwards 2 hours following the event release at 2023-02-07 03:30 if the released value is = 3.35%. A price movement of 8550 pips is expected.
Historical events that allowed us to draw this conclusion
01 Nov 03:30 |
02 Aug 04:30 |
05 Jul 04:30 |
05 Apr 04:30 |
01 Feb 03:30 |
07 Dec 03:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
