We expect BP to trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 85.71% chance of this. We expect this to happen if the released value is < -75. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
14 Apr 01:30 |
10 Mar 01:00 |
28 Jan 00:30 |
08 Oct 00:30 |
10 Sep 01:30 |
14 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
