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We expect a 0 pip movement on 6S within 2 hours following the event release.

Based on the last 12 NAB Business Confidence events in Australia, we expect a 0 pip movement on 6S within 2 hours following the event release at 13 Jul 01:30 UTC. We expect 6S to trend downwards 2 hours following the event release at 13 Jul 01:30 UTC if the released value is < 19 Historical events that allowed us to draw this conclusion

08 Jun 01:30
13 Apr 01:30
27 Jan 00:30

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

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Feeder Cattle AUGUST 2021 is quickly approaching 156.4750. We expect either a breakout through this line, or a rebound.

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We expect 6M to trend upwards today.

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