Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect 6M to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect 6M to trend upwards 12 hours following the event release at 13 Oct 23:30 if the released value is < 94.5. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
12 Aug 00:30 |
15 Jul 00:30 |
21 Jan 23:30 |
10 Dec 23:30 |
09 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
