We expect a $824.618 movement on UB within 48 hours following the release of Westpac Consumer Confidence Index at 11 Feb 23:30. We expect UB to trend downwards 48 hours following the event release at 11 Feb 23:30 if the released value is < 94.3. A price movement of 429 pips is expected. Historical events that allowed us to draw this conclusion
10 Dec 23:30 |
09 Oct 00:30 |
10 Jul 00:30 |
12 Mar 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
