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There is a 85.71% chance of HG trending downwards

Based on past Australia Westpac Consumer Confidence Index news events there is a 85.71% chance of HG trending downwards. We expect this to happen if the released value is < 77. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion

12 Aug 00:30
15 Jul 00:30
15 Apr 00:30
21 Jan 23:30
10 Dec 23:30

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

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Procter & Gamble Co. experienced a very large 2 hours bearish move to 136.23

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We expect UB to trend upwards with a 80% chance.

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