Based on the last 12 NAB Business Confidence events in Australia, we expect a 455 pip movement on GC within 4 hours following the event release at 2023-10-10 00:30. We expect GC to trend upwards 4 hours following the event release at 2023-10-10 00:30 if the released value is > -2
Historical events that allowed us to draw this conclusion
12 Sep 01:30 |
11 Jul 01:30 |
11 Apr 01:30 |
14 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
