Based on the last 12 NAB Business Confidence events in Australia, we expect RTY to trend downwards. Based on these past events there is a 66.67% chance of this. We expect RTY to trend downwards for 2 hours because the released value is < -1. A price movement of 794 pips is expected. Historical events that allowed us to draw this conclusion
10 Mar 01:00 |
10 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
