Based on the last 12 NAB Business Confidence events in Australia, we expect 6E to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect 6E to trend upwards 48 hours following the event release at 25 Jan 00:30 if the released value is > 10. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
12 Oct 00:30 |
14 Sep 01:30 |
09 Mar 00:30 |
09 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
