Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect CC to trend upwards later today. Based on these past events there is a 80% chance of this. We expect CC to trend upwards 12 hours following the event release at 10 Jun 00:30 if the released value is > 90. A price movement of 6,350 pips is expected.
Historical events that allowed us to draw this conclusion
13 May 00:30 |
11 Feb 23:30 |
12 Nov 23:30 |
11 Sep 00:30 |
14 Aug 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
