Based on past Australia NAB Business Confidence news events there is a 83.33% chance of YM trending upwards. We expect this to happen if the released value is < 4. A price movement of 124 pips is expected. Historical events that allowed us to draw this conclusion
08 Oct 00:30 |
10 Sep 01:30 |
13 Aug 01:30 |
13 May 01:30 |
12 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
