We expect GBPUSD to trend upwards for the next 2 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of this. We expect this to happen because the released value is > 82. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
13 Apr 00:30 |
15 Sep 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
