Based on the last 12 NAB Business Confidence events in Australia, we expect a 29 pip movement on EURUSD within 2 hours following the event release at 14 Jul 11:30 GMT+10. We expect EURUSD to trend upwards 2 hours following the event release at 14 Jul 11:30 GMT+10 if the released value is < -15 Historical events that allowed us to draw this conclusion

14 Apr 11:30	10 Mar 12:00
11 Feb 11:30	28 Jan 11:30
08 Oct 11:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).