Based on the last 12 NAB Business Confidence events in Australia, we expect 6E to trend upwards. Based on these past events there is a 85.71% chance of this. We expect 6E to trend upwards for 4 hours because the released value is > -2. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
14 Sep 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”).
