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We expect a $9898 movement on MW within 12 hours following the release of NAB Business Confidence.

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”).

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