Based on the last 12 NAB Business Confidence events in Australia, we may see a 41 pip movement on GBPUSD within 12 hours following the event release at 14 Jun 01:30 UTC. GBPUSD may trend downwards 12 hours following the event release at 14 Jun 01:30 UTC if the released value is < 12 Historical events that allowed us to draw this conclusion
10 May 01:30 |
25 Jan 00:30 |
13 Jul 01:30 |
08 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
