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This Tuesday 13 Jul at 01:30 AM GMT the latest AU NAB Business Confidence number will be released.
If the number is greater than than economists’ consensus there is a 87.5% probability that AUDUSD will trend up following the news event.
This probability is based on the last 12 AU NAB Business Confidence events, in which 7 of the last 8 events where the actual number was greater than than the economist consensus resulted in an up trend of AUDUSD.
Here are images of the past events:
Monday 10 May at 01:30 AM GMT:
Tuesday 09 Mar at 12:30 AM GMT:
Tuesday 09 Feb at 12:30 AM GMT:
Tuesday 08 Dec at 12:30 AM GMT:
Tuesday 10 Nov at 12:30 AM GMT:
Tuesday 08 Sep at 01:30 AM GMT:
Tuesday 14 Jul at 01:30 AM GMT:
Disclaimer: Past performance may not be indicative of future performance