Based on the last 12 NAB Business Confidence events in Australia, we expect SB to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > -18
Historical events that allowed us to draw this conclusion
14 Jul 01:30 |
09 Jun 01:30 |
12 May 01:30 |
12 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
