Based on the last 12 NAB Business Confidence events in Australia, we expect a 0 pip movement on BP within 2 hours following the event release at 08 Feb 00:30 UTC. We expect BP to trend upwards 2 hours following the event release at 08 Feb 00:30 UTC if the released value is > -14

Historical events that allowed us to draw this conclusion

12 Oct 00:30

14 Sep 01:30

09 Mar 00:30

09 Feb 00:30