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We expect HG to trend upwards for the next 48 hours.

We expect HG to trend upwards for the next 48 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 > 110. A price movement of 5 pips is expected.

Historical events that allowed us to draw this conclusion

09 Feb 23:30
09 Dec 01:30
13 Oct 23:30
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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