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We expect HO to trend upwards for the next 48 hours.

We expect HO to trend upwards for the next 48 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 80% chance of this. We expect this to happen because the released value is > 105. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

13 Oct 23:30
09 Sep 00:30
13 May 00:30
11 Feb 23:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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