Based on the last 12 NAB Business Confidence events in Australia, we expect YM to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect YM to trend downwards 4 hours following the event release at 2024-01-23 00:30 if the released value is > -7. A price movement of 900 pips is expected.
Historical events that allowed us to draw this conclusion
10 Oct 00:30 |
08 Aug 01:30 |
11 Jul 01:30 |
11 Apr 01:30 |
14 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
