Based on the last 12 NAB Business Confidence events in Australia, we could see a 253 pip movement on UB for the next 48 hours. UB could trend upwards for 48 hours because the released value is > -1
Historical events that allowed us to draw this conclusion
10 Oct 00:30 |
12 Sep 01:30 |
08 Aug 01:30 |
11 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
