Based on past Australia NAB Business Confidence news events there is a 80% chance of CC trending upwards. We expect this to happen because the released value is > -5. A price movement of 1737 pips is expected.
Historical events that allowed us to draw this conclusion
13 May 01:30 |
11 Feb 00:30 |
12 Nov 00:30 |
09 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
