Based on the last 12 NAB Business Confidence events in Australia, we expect 6M to trend upwards later today. Based on these past events there is a 75% chance of this. We expect 6M to trend upwards 48 hours following the event release at 13 Jul 01:30 if the released value is < 19. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
08 Jun 01:30 |
13 Apr 01:30 |
11 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
