Based on the last 12 NAB Business Confidence events in AU, we expect EURUSD to trend up later today. Based on these past events there is a 80.0% of this.
We expect EURUSD to trend up 2 hours following the event release at 09 Oct 00:30 if the released value is > 5. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
14 Aug 01:30 |
07 May 01:30 |
14 Nov 00:30 |
10 Oct 00:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
