Based on the last 12 NAB Business Confidence events in Australia, we expect FV to trend downwards later today. Based on these past events there is a 80% chance of this. We expect FV to trend downwards 2 hours following the event release at 28 Jan 00:30 if the released value is > 1. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
12 Nov 00:30 |
13 Aug 01:30 |
12 Feb 00:30 |
29 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
