I noted earlier that we seem to have been getting a lot of NAB business Confidence / Conditions readings these past 3 weeks
A few things to note...
The 'December' figures were the result of a survey taken on January 15
I don't have the exact date when the results for today's 'January' result will have been conducted, buts its going to quite close to the previous January 15 survey date
You'll recall that as January progressed markets fell even further, and confidence will reflect this deterioration
As such, I'm expecting a fall from the 'December' result for confidence. Probably for conditions as well.
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For the AUD - I don't have a black and white strategy mapped out. Some will. But, you know, everyone has a plan until they get punched in the face (thanks to Mike Tyson for that one).
I'm not a raging bull but I do expect the AUD to be bid on dips. And the NZD.
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- Data due at 0030GMT
- Conditions prior 7
- Confidence prior 3
