Based on past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of BO trending upwards. We expect this to happen if the released value is > 104. A price movement of 232 pips is expected.
Historical events that allowed us to draw this conclusion
14 Jul 00:30 |
14 Apr 00:30 |
09 Mar 23:30 |
09 Dec 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
