Based on past Australia NAB Business Confidence news events there is a 75% chance of ES trending upwards. We expect this to happen if the released value is < 11. A price movement of 3,325 pips is expected. 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”).
