Based on the last 12 NAB Business Confidence events in Australia, we expect 6C to trend upwards for the next 4 hours. Based on these past events there is a 85.71% chance of this. This may happen because the released value is > -13
Historical events that allowed us to draw this conclusion
10 May 01:30 |
09 Mar 00:30 |
09 Feb 00:30 |
08 Dec 00:30 |
10 Nov 00:30 |
05 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).