Based on past Australia NAB Business Confidence news events there is a 75% chance of EMD trending downwards. We expect this to happen if the released value is > 0. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
12 Nov 00:30 |
09 Jul 01:30 |
12 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
