Based on past Australia RBA Interest Rate Decision news events there is a 70% chance of ES trending downwards. We expect this to happen because the released value is = 1.35%. A price movement of 7962 pips is expected.
Historical events that allowed us to draw this conclusion
01 Mar 03:30 |
01 Feb 03:30 |
07 Dec 03:30 |
02 Nov 03:30 |
05 Oct 03:30 |
03 Aug 04:30 |
01 Jun 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
