Based on the last 12 NAB Business Confidence events in Australia, we could see a $120 movement on GBPUSD within the next 2 hours. We may see GBPUSD trend upwards for 2 hours because the released value is > -5
Historical events that allowed us to draw this conclusion
12 Mar 00:30 |
23 Jan 00:30 |
12 Sep 01:30 |
08 Aug 01:30 |
11 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
