Based on the last 12 NAB Business Confidence events in Australia, we expect a 20 pip movement on DX within 2 hours following the event release at 08 Dec 00:30 UTC. We expect DX to trend downwards 2 hours following the event release at 08 Dec 00:30 UTC if the released value is < 6 Historical events that allowed us to draw this conclusion
11 Aug 01:30 |
14 Apr 01:30 |
10 Mar 01:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
