We expect EURUSD to trend upwards for the next 48 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 70% chance of this. We expect this to happen because the released value is < 80.5. A price movement of 107 pips is expected. Historical events that allowed us to draw this conclusion
09 Aug 00:30 |
12 Jul 00:30 |
15 Jun 00:30 |
08 Mar 23:30 |
08 Feb 23:30 |
14 Dec 23:30 |
13 Oct 00:30 |
11 Aug 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
