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We expect a $12.871 movement on SI within 12 hours following the event release at 12 Oct 00:30.

Based on the last 12 NAB Business Confidence events in Australia, we expect a $12.871 movement on SI within 12 hours following the event release at 12 Oct 00:30. We expect SI to trend upwards 12 hours following the event release at 12 Oct 00:30 if the released value is > -2

Historical events that allowed us to draw this conclusion

14 Sep 01:30
10 May 01:30
09 Mar 00:30
09 Feb 00:30
08 Dec 00:30
05 Oct 00:30

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

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