Based on the last 12 NAB Business Confidence events in Australia, we expect ZB to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect ZB to trend upwards for the next 48 hours because the released value is > -3. A price movement of 284 pips is expected.
Historical events that allowed us to draw this conclusion
08 Sep 01:30 |
09 Jun 01:30 |
12 May 01:30 |
12 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
