Based on past United Kingdom GfK Consumer Confidence news events there is a 66.67% chance of AUDUSD trending downwards. We expect this to happen because the released value is < -42. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion
18 Aug 23:01 |
23 Jun 23:01 |
19 May 23:01 |
22 Apr 02:10 |
21 Jan 00:01 |
21 Oct 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
