Based on the last 12 NAB Business Confidence events in Australia, we expect ZN to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ZN to trend upwards 48 hours following the event release at 2023-06-13 01:30 if the released value is < 0. A price movement of 95 pips is expected. Historical events that allowed us to draw this conclusion
14 Mar 00:30 |
24 Jan 00:30 |
13 Dec 00:30 |
08 Nov 00:30 |
11 Oct 00:30 |
12 Jul 01:30 |
14 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
