Based on the last 12 NAB Business Confidence events in Australia, we expect KW to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect KW to trend downwards 48 hours following the event release at 2023-03-14 00:30 if the released value is < 0. A price movement of 6200 pips is expected. Historical events that allowed us to draw this conclusion
13 Dec 00:30 |
08 Nov 00:30 |
11 Oct 00:30 |
12 Jul 01:30 |
14 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
