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We expect a 4,939 pip movement on SP within 2 hours following the event release.

Based on the last 12 NAB Business Confidence events in Australia, we expect a 4,939 pip movement on SP within 2 hours following the event release at 09 Jun 01:30 UTC. We expect SP to trend upwards 2 hours following the event release at 09 Jun 01:30 UTC if the released value is > -32

Historical events that allowed us to draw this conclusion

12 Nov 00:30
13 Aug 01:30
11 Jun 01:30

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

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We expect a $5,923,650 movement on NKD within the next 12 hours.

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We expect a 6 pip movement on TN for the next 2 hours.

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