Based on the last 12 NAB Business Confidence events in Australia, we expect DX to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect DX to trend upwards 4 hours following the event release at 10 May 01:30 if the released value is < 18. A price movement of 8 pips is expected. Historical events that allowed us to draw this conclusion
13 Apr 01:30 |
27 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
