Based on past Australia Westpac Consumer Confidence Index news events there is a 80% chance of TN trending downwards. We expect this to happen because the released value is < 95.8. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion
09 Oct 00:30 |
10 Jul 00:30 |
12 Mar 23:30 |
16 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
