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There is a 66.67% chance of UB trending upwards

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect UB to trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is = 4.1%

Historical events that allowed us to draw this conclusion

18 Feb 03:30
24 Sep 04:30
18 Jun 04:30
07 May 04:30
19 Mar 03:30
06 Feb 03:30
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”).

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