We expect a $0 movement on NG within 2 hours following the release of NAB Business Confidence at 08 Feb 00:30. We expect NG to trend upwards 2 hours following the event release at 08 Feb 00:30 if the released value is > -14. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
12 Oct 00:30 |
14 Sep 01:30 |
10 May 01:30 |
09 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
