We expect RU to trend upwards today.

Based on the last 12 NAB Business Confidence events in Australia, we expect RU to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect RU to trend upwards 48 hours following the event release at 12 Nov 00:30 if the released value is < 0. A price movement of 0 pips is expected.Historical events that allowed us to draw this conclusion

08 Oct 00:30
10 Sep 01:30
14 May 01:30
01 Apr 00:30
12 Mar 00:30
11 Dec 00:30
13 Nov 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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