Based on past Australia NAB Business Confidence news events there is a 85.71% chance of 6C trending upwards. We expect this to happen if the released value is > -13. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
10 May 01:30 |
09 Mar 00:30 |
09 Feb 00:30 |
08 Dec 00:30 |
10 Nov 00:30 |
05 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
