Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $19.232 movement on CRD within 2 hours following the event release at 21 Jan 23:30. We expect CRD to trend downwards 2 hours following the event release at 21 Jan 23:30 if the released value is > 94.7
Historical events that allowed us to draw this conclusion
11 Sep 00:30 |
10 Apr 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
