Based on the last 12 NAB Business Confidence events in Australia, we expect a $12.871 movement on SI within 12 hours following the event release at 12 Oct 00:30. We expect SI to trend upwards 12 hours following the event release at 12 Oct 00:30 if the released value is > -2
Historical events that allowed us to draw this conclusion
14 Sep 01:30 |
10 May 01:30 |
09 Mar 00:30 |
09 Feb 00:30 |
08 Dec 00:30 |
05 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
