We expect HO to trend upwards for the next 48 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 80% chance of this. We expect this to happen because the released value is > 105. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
13 Oct 23:30 |
09 Sep 00:30 |
13 May 00:30 |
11 Feb 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
