Based on the last 12 NAB Business Confidence events in Australia, we expect a 4,939 pip movement on SP within 2 hours following the event release at 09 Jun 01:30 UTC. We expect SP to trend upwards 2 hours following the event release at 09 Jun 01:30 UTC if the released value is > -32
Historical events that allowed us to draw this conclusion
12 Nov 00:30 |
13 Aug 01:30 |
11 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
