Based on the last 12 NAB Business Confidence events in Australia, we expect a $395.234 movement on ZB within 48 hours following the event release at 10 Dec 00:30. We expect ZB to trend upwards 48 hours following the event release at 10 Dec 00:30 if the released value is > 0
Historical events that allowed us to draw this conclusion
12 Nov 00:30 |
13 Aug 01:30 |
11 Jun 01:30 |
29 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
