Based on past Australia Westpac Consumer Confidence Index news events there is a 75% chance of HG trending downwards. We expect this to happen if the released value is < 95. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion
08 Mar 23:30 |
08 Feb 23:30 |
14 Dec 23:30 |
11 Aug 00:30 |
09 Jun 00:30 |
19 May 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
