We expect BO to trend downwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 75% chance of this. We expect this to happen because the released value is > -15. A price movement of 36 pips is expected.
Historical events that allowed us to draw this conclusion
09 Jun 01:30 |
13 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
