Based on the last 12 RBA Interest Rate Decision events in Australia, we expect ES to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect ES to trend upwards 48 hours following the event release at 05 Oct 03:30 if the released value is = 0.1%. A price movement of 15,225 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 04:30 |
01 Jun 04:30 |
06 Apr 04:30 |
02 Feb 03:30 |
01 Dec 03:30 |
03 Nov 03:30 |
06 Oct 03:30 |
01 Sep 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
