Based on the last 12 NAB Business Confidence events in Australia, we could see a $127 movement on BO within the next 48 hours. BO could trend downwards for the next 48 hours because the released value is > 3
Historical events that allowed us to draw this conclusion
08 Jul 01:30 |
13 May 01:30 |
11 Feb 00:30 |
12 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
