Based on past Australia NAB Business Confidence news events there is a 80% chance of NIY trending downwards. We expect this to happen because the released value is > 2. A price movement of 8500 pips is expected.
Historical events that allowed us to draw this conclusion
12 Apr 01:30 |
08 Feb 00:30 |
12 Oct 00:30 |
14 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
