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We expect NIY to trend upwards for the next 12 hours.

Based on the last 12 NAB Business Confidence events in Australia, we expect NIY to trend upwards for the next 12 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is > -75

Historical events that allowed us to draw this conclusion

12 Nov 00:30
11 Jun 01:30

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

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We expect BP to trend downwards today with a 85.71% chance.

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We expect a 47,250 pip movement on NKD within 4 hours following the event release.

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