Based on the last 12 RBA Interest Rate Decision events in Australia, we expect RB to trend downwards later today. Based on these past events there is a 75% chance of this. This will happen if the released value is = 1%
Historical events that allowed us to draw this conclusion
06 Aug 04:30 |
02 Jul 04:30 |
04 Jun 04:30 |
07 May 04:30 |
04 Dec 03:30 |
06 Nov 03:30 |
04 Sep 04:30 |
07 Aug 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
