Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect C to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect C to trend downwards for the next 4 hours because the released value is > 102. A price movement of 350 pips is expected.
Historical events that allowed us to draw this conclusion
14 Apr 00:30 |
09 Feb 23:30 |
13 Oct 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
