Based on the last 12 Westpac Consumer Confidence Index events in Australia, NQ could trend downwards later today. Based on these past events there is a 75% chance of this. If the released value is > 94.7 we could see NQ trend downwards 48 hours following the event release at 11 May 00:30.
Historical events that allowed us to draw this conclusion
13 Apr 00:30 |
14 Jul 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
