We expect S to trend upwards later today. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen if the released value is < 14. A price movement of 2,100 pips is expected. Historical events that allowed us to draw this conclusion
13 Jul 01:30 |
08 Jun 01:30 |
13 Apr 01:30 |
27 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
