Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect LB to trend upwards. Based on these past events there is a 66.67% chance of this. We expect LB to trend upwards for 2 hours because the released value is > 98. A price movement of 1,555 pips is expected.
Historical events that allowed us to draw this conclusion
14 Aug 00:30 |
15 May 00:30 |
10 Apr 00:30 |
12 Feb 23:30 |
11 Dec 23:30 |
13 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
