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We expect HG to trend upwards for the next 48 hours.

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”).

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We expect a 2 pip movement on FF within 48 hours following the event release.

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