Based on the last 12 NAB Business Confidence events in Australia, we expect HG to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect HG to trend upwards 48 hours following the event release at 08 Oct 00:30 if the released value is < 2. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion
14 May 01:30 |
12 Mar 00:30 |
11 Dec 00:30 |
13 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
