We expect C to trend upwards for the next 2 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 77.78% chance of this. We expect this to happen because the released value is < 80.5. A price movement of 525 pips is expected. Historical events that allowed us to draw this conclusion
09 Aug 00:30 |
12 Jul 00:30 |
15 Jun 00:30 |
11 May 00:30 |
08 Mar 23:30 |
08 Feb 23:30 |
18 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
