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There is a 75% chance of ES trending upwards

Based on past Australia NAB Business Confidence news events there is a 75% chance of ES trending upwards. We expect this to happen if the released value is < 11. A price movement of 3,325 pips is expected. Historical events that allowed us to draw this conclusion

11 Aug 01:30
14 Apr 01:30
10 Mar 01:00

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

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