We expect S to trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 75% chance of this. We expect this to happen if the released value is < 0. A price movement of 500 pips is expected. Historical events that allowed us to draw this conclusion
12 Dec 00:30 |
14 Nov 00:30 |
13 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
