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We expect 6M to trend upwards today with a 71.43% chance.

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”).

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10 year US Treasury Note DECEMBER 2020 is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 15 days.

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