Based on the last 12 NAB Business Confidence events in Australia, we expect HG to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect HG to trend downwards 2 hours following the event release at 05 Oct 00:30 if the released value is < -10. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
10 Mar 01:00 |
28 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
