Based on the last 12 NAB Business Confidence events in Australia, we expect a 0 pip movement on 6S within 2 hours following the event release at 13 Jul 01:30 UTC. We expect 6S to trend downwards 2 hours following the event release at 13 Jul 01:30 UTC if the released value is < 19 Historical events that allowed us to draw this conclusion
08 Jun 01:30 |
13 Apr 01:30 |
27 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
