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We expect a $0 movement on 6A within 12 hours following the event release at 19 May 00:30.

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $0 movement on 6A within 12 hours following the event release at 19 May 00:30. We expect 6A to trend upwards 12 hours following the event release at 19 May 00:30 if the released value is > 117

Historical events that allowed us to draw this conclusion

14 Apr 00:30
09 Dec 01:30
13 Oct 23:30
09 Sep 00:30
10 Jun 00:30
13 May 00:30

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

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