We expect 6C to trend upwards for the next 4 hours.

Based on the last 12 NAB Business Confidence events in Australia, we expect 6C to trend upwards for the next 4 hours. Based on these past events there is a 85.71% chance of this. This may happen because the released value is > -13

Historical events that allowed us to draw this conclusion

10 May 01:30

09 Mar 00:30

09 Feb 00:30

08 Dec 00:30

10 Nov 00:30

05 Oct 00:30

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