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What to trade around the AU NAB Business Confidence news event

What to trade around the AU NAB Business Confidence news event

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”)

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