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We expect 6A to trend upwards today.

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect 6A to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect 6A to trend upwards 4 hours following the event release at 05 May 04:30 if the released value is = 0.25%. A price movement of 1 pips is expected.

Historical events that allowed us to draw this conclusion

19 Mar 03:30
04 Feb 03:30
03 Dec 03:30
05 Nov 03:30
03 Sep 04:30
06 Aug 04:30
02 Jul 04:30
07 May 04:30

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

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We expect UB to trend downwards today with a 72.73% chance.

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