We expect a $115.854 movement on LE within 2 hours following the release of RBA Interest Rate Decision at 04 Aug 04:30. We expect LE to trend downwards 2 hours following the event release at 04 Aug 04:30 if the released value is = 0.25%. A price movement of 107 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
