Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a 12 pip movement on EURUSD within 2 hours following the event release at 03 Dec 03:30 UTC. We expect EURUSD to trend upwards 2 hours following the event release at 03 Dec 03:30 UTC if the released value is = 0.75%
Historical events that allowed us to draw this conclusion
05 Nov 03:30 |
03 Sep 04:30 |
06 Aug 04:30 |
02 Jul 04:30 |
04 Jun 04:30 |
07 May 04:30 |
02 Apr 03:30 |
04 Dec 03:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
