Based on past Australia NAB Business Confidence news events there is a 83.33% chance of GC trending upwards. We expect this to happen if the released value is > -3. A price movement of 3,889 pips is expected.
Historical events that allowed us to draw this conclusion
08 Sep 01:30 |
14 Jul 01:30 |
09 Jun 01:30 |
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”).
