Based on past Australia RBA Interest Rate Decision news events there is a 90% chance of ES trending upwards. We expect this to happen because the released value is = 2.85%. A price movement of 1200 pips is expected.
Historical events that allowed us to draw this conclusion
06 Sep 04:30 |
02 Aug 04:30 |
05 Jul 04:30 |
05 Apr 04:30 |
01 Feb 03:30 |
07 Dec 03:30 |
02 Nov 03:30 |
05 Oct 03:30 |
07 Sep 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
