Based on the last 12 NAB Business Confidence events in Australia, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 2024-11-12 00:30 if the released value is > 2. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
09 Jul 01:30 |
12 Mar 00:30 |
23 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
