Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect AUDUSD to trend downwards later today. Based on these past events there is a 70% chance of this. We expect AUDUSD to trend downwards 2 hours following the event release at 2023-10-26 12:15 if the released value is = 4.5%. A price movement of 56 pips is expected.
Historical events that allowed us to draw this conclusion
27 Jul 12:15 |
04 May 12:15 |
02 Feb 13:15 |
15 Dec 13:15 |
08 Sep 12:15 |
09 Jun 11:45 |
14 Apr 11:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
