Based on past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of CL trending downwards. We expect this to happen if the released value is > 78.4. A price movement of 213 pips is expected.
Historical events that allowed us to draw this conclusion
10 Oct 23:30 |
13 Sep 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
