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We expect S to trend downwards today with a 75% chance.

We expect S to trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 75% chance of this. We expect this to happen if the released value is < 0. A price movement of 500 pips is expected. Historical events that allowed us to draw this conclusion

12 Dec 00:30
14 Nov 00:30
13 Jun 01:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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LTCUSD is quickly approaching a very important level it has previously tested numerous times in the past

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