We expect a 95 pip movement on ZN within 48 hours following the event release.

Based on the last 12 NAB Business Confidence events in Australia, we expect ZN to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ZN to trend upwards 48 hours following the event release at 2023-06-13 01:30 if the released value is < 0. A price movement of 95 pips is expected. Historical events that allowed us to draw this conclusion

14 Mar 00:30

24 Jan 00:30

13 Dec 00:30

08 Nov 00:30

11 Oct 00:30

12 Jul 01:30

14 Jun 01:30

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