Based on the last 12 NAB Business Confidence events in Australia, we expect ES to trend upwards later today. Based on these past events there is a 87.5% chance of this. This may happen if the released value is < 2 Historical events that allowed us to draw this conclusion
08 Oct 00:30 |
10 Sep 01:30 |
13 Aug 01:30 |
11 Jun 01:30 |
13 May 01:30 |
12 Dec 00:30 |
14 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
