Based on past Australia NAB Business Confidence news events there is a 75% chance of NQ trending downwards. We expect this to happen if the released value is > -1. A price movement of 475 pips is expected.
Historical events that allowed us to draw this conclusion
11 Apr 01:30 |
14 Feb 00:30 |
13 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
