Based on the last 12 NAB Business Confidence events in Australia, we expect 6A to trend upwards right now. Based on these past events there is a 75% chance of this. We expect 6A to trend upwards for the next 4 hours because the released value is > 0. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
13 Aug 01:30 |
12 Feb 00:30 |
29 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
