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We expect BP to trend downwards today with a 85.71% chance.

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”).

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