Based on the last 12 NAB Business Confidence events in Australia, we expect a $86.393 movement on DX within 48 hours following the event release at 09 Feb 00:30. We expect DX to trend upwards 48 hours following the event release at 09 Feb 00:30 if the released value is < 5 Historical events that allowed us to draw this conclusion
27 Jan 00:30 |
14 Apr 01:30 |
10 Mar 01:00 |
11 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
