Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $0 movement on 6A within 12 hours following the event release at 19 May 00:30. We expect 6A to trend upwards 12 hours following the event release at 19 May 00:30 if the released value is > 117
Historical events that allowed us to draw this conclusion
14 Apr 00:30 |
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”).
