We expect HG to trend downwards for the next 2 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of this. We expect this to happen because the released value is < 96. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
15 Apr 00:30 |
21 Jan 23:30 |
10 Dec 23:30 |
10 Jul 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
