Based on the last 12 NAB Business Confidence events in Australia, we expect a $90 movement on EURUSD within 4 hours following the event release at 09 Jul 01:30. We expect EURUSD to trend upwards 4 hours following the event release at 09 Jul 01:30 if the released value is < 2 Historical events that allowed us to draw this conclusion
14 May 01:30 |
01 Apr 00:30 |
12 Mar 00:30 |
11 Dec 00:30 |
13 Nov 00:30 |
11 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
