Based on the last 12 NAB Business Confidence events in Australia, we expect NIY to trend upwards for the next 12 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is > -75
Historical events that allowed us to draw this conclusion
12 Nov 00:30 |
11 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
