Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 2022-11-07 23:30 if the released value is < 82.7. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
09 Aug 00:30 |
15 Jun 00:30 |
11 May 00:30 |
08 Mar 23:30 |
08 Feb 23:30 |
14 Dec 23:30 |
13 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
