Based on the last 12 NAB Business Confidence events in Australia, we expect NQ to trend downwards right now. Based on these past events there is a 75% chance of this. We expect NQ to trend downwards for the next 2 hours because the released value is > -18. A price movement of 3,575 pips is expected.
Historical events that allowed us to draw this conclusion
12 May 01:30 |
12 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
