Based on the last 12 NAB Business Confidence events in Australia, we could see UB trend upwards right now. Based on historical events there is a 80% chance of this. This may happen because the released value is > 1
Historical events that allowed us to draw this conclusion
08 Aug 01:30 |
11 Jul 01:30 |
11 Apr 01:30 |
14 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
