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We expect NKD to trend downwards for the next 12 hours.

We expect NKD to trend downwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen because the released value is > -10. A price movement of 19,500 pips is expected.

Historical events that allowed us to draw this conclusion

08 Sep 01:30
14 Jul 01:30
09 Jun 01:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect HG to trend downwards today with a 66.67% chance.

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