Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 1,725 pip movement on ES within 4 hours following the event release at 15 Sep 00:30 UTC. We expect ES to trend upwards 4 hours following the event release at 15 Sep 00:30 UTC if the released value is > 102
Historical events that allowed us to draw this conclusion
14 Apr 00:30 |
09 Feb 23:30 |
09 Dec 01:30 |
13 Oct 23:30 |
09 Sep 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
