Based on the last 12 NAB Business Confidence events in Australia, we expect NQ to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NQ to trend upwards 2 hours following the event release at 2023-08-08 01:30 if the released value is > -3. A price movement of 2775 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jul 01:30 |
11 Apr 01:30 |
13 Sep 01:30 |
09 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
