Based on past Australia Westpac Consumer Confidence Index news events there is a 85.71% chance of EURUSD trending upwards. We expect this to happen because the released value is < 99.2. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
08 Feb 23:30 |
14 Dec 23:30 |
13 Oct 00:30 |
11 Aug 00:30 |
09 Jun 00:30 |
19 May 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
