Based on past Australia Westpac Consumer Confidence Index news events there is a 85.71% chance of HG trending downwards. We expect this to happen if the released value is < 77. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
12 Aug 00:30 |
15 Jul 00:30 |
15 Apr 00:30 |
21 Jan 23:30 |
10 Dec 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
