Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect HE to trend downwards right now. Based on these past events there is a 80% chance of this. We expect HE to trend downwards for the next 4 hours because the released value is > 90. A price movement of 193 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
