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There is a 75% chance of NIY trending upwards

Based on the last 12 NAB Business Confidence events in Australia, we expect a $7823855 movement on NIY within 2 hours following the event release at 2024-11-12 00:30. We expect NIY to trend upwards 2 hours following the event release at 2024-11-12 00:30 if the released value is > 2

Historical events that allowed us to draw this conclusion

09 Jul 01:30
12 Mar 00:30
23 Jan 00:30

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

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