We expect a $200 movement on GBPUSD within 2 hours following the release of RBA Interest Rate Decision at 05 Oct 14:30. We expect GBPUSD to trend downwards 2 hours following the event release at 05 Oct 14:30 if the released value is = 0.1%. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
07 Sep 14:30 |
03 Aug 14:30 |
01 Jun 14:30 |
04 May 14:30 |
02 Mar 14:30 |
02 Feb 14:30 |
03 Nov 14:30 |
06 Oct 14:30 |
01 Sep 14:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).