Based on the last 12 NAB Business Confidence events in Australia, we expect C to trend upwards. Based on these past events there is a 80% chance of this. We expect C to trend upwards for 2 hours because the released value is < 14. A price movement of 225 pips is expected. Historical events that allowed us to draw this conclusion
08 Jun 01:30 |
13 Apr 01:30 |
27 Jan 00:30 |
11 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
