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”).