There is a 83.33% chance of GF trending downwards

Based on past Australia Westpac Consumer Confidence Index news events there is a 83.33% chance of GF trending downwards. We expect this to happen because the released value is > 108. A price movement of 240 pips is expected.

Historical events that allowed us to draw this conclusion

09 Dec 01:30
13 Oct 23:30
09 Sep 00:30
10 Jun 00:30
13 May 00:30

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

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