We expect YM to trend downwards later today. Based on these past Australia Westpac Consumer Confidence Index news events there is a 80% chance of this. We expect this to happen if the released value is < 113. A price movement of 11,000 pips is expected. Historical events that allowed us to draw this conclusion
19 Jan 23:30 |
10 Nov 23:30 |
12 Aug 00:30 |
15 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
