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We expect ES to trend upwards today with a 71.43% chance.

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 71.43% chance of this. This may happen if the released value is < -15 Historical events that allowed us to draw this conclusion

10 Mar 01:00
11 Feb 00:30
28 Jan 00:30
14 May 01:30
01 Apr 00:30

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

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