Based on the last 12 NAB Business Confidence events in Australia, we expect a $0.123 movement on HO within the next 48 hours. We expect HO to trend upwards for 48 hours because the released value is > 5
Historical events that allowed us to draw this conclusion
08 Dec 00:30 |
10 Nov 00:30 |
05 Oct 00:30 |
14 Jul 01:30 |
09 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
