We expect GBPUSD to trend upwards for the next 2 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 < 8. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion
12 Jul 01:30 |
14 Jun 01:30 |
10 May 01:30 |
14 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
