Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 4 pip movement on HG within 12 hours following the event release at 10 Mar 23:30 UTC. We expect HG to trend upwards 12 hours following the event release at 10 Mar 23:30 UTC if the released value is < 94.7 Historical events that allowed us to draw this conclusion
10 Dec 23:30 |
09 Oct 00:30 |
10 Jul 00:30 |
12 Mar 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
