We expect 6J to trend upwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen because the released value is < 1. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
08 Oct 00:30 |
10 Sep 01:30 |
01 Apr 00:30 |
12 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
