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There is a 66.67% chance of BO trending upwards

Based on past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of BO trending upwards. We expect this to happen if the released value is > 104. A price movement of 232 pips is expected.

Historical events that allowed us to draw this conclusion

14 Jul 00:30
14 Apr 00:30
09 Mar 23:30
09 Dec 01:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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