Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect UB to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect UB to trend upwards 48 hours following the event release at 2023-05-16 00:30 if the released value is < 82.1. A price movement of 284 pips is expected. Historical events that allowed us to draw this conclusion
13 Mar 23:30 |
07 Nov 23:30 |
12 Jul 00:30 |
15 Jun 00:30 |
11 May 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
