Based on past Australia NAB Business Confidence news events there is a 66.67% chance of ZC trending downwards. We expect this to happen if the released value is < -5. A price movement of 650 pips is expected. Historical events that allowed us to draw this conclusion
11 Mar 00:30 |
08 Oct 00:30 |
10 Sep 01:30 |
13 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
