Be very careful of upcoming volatility because of Australia Westpac Consumer Confidence Index news event later today. Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $8.603 movement on ZT within 12 hours following the event release at 12 Nov 23:30. We expect this to happen if the released value is > 93.5. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
11 Sep 00:30 |
14 Aug 00:30 |
15 May 00:30 |
10 Apr 00:30 |
11 Dec 23:30 |
13 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
