Based on the last 12 NAB Business Confidence events in Australia, we expect MW to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect MW to trend upwards 12 hours following the event release at 2024-04-09 01:30 if the released value is > -3. A price movement of 1537 pips is expected.
Historical events that allowed us to draw this conclusion
12 Mar 00:30 |
23 Jan 00:30 |
12 Sep 01:30 |
08 Aug 01:30 |
11 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
