Based on the last 12 NAB Business Confidence events in Australia, we may see a 0 pip movement on 6A within 4 hours following the event release at 10 May 01:30 UTC. 6A may trend downwards 4 hours following the event release at 10 May 01:30 UTC if the released value is < 12 Historical events that allowed us to draw this conclusion
25 Jan 00:30 |
14 Dec 00:30 |
10 Aug 01:30 |
08 Jun 01:30 |
13 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
