We expect KC 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 < 85. A price movement of 330 pips is expected. Historical events that allowed us to draw this conclusion
12 Jul 00:30 |
11 May 00:30 |
08 Mar 23:30 |
08 Feb 23:30 |
18 Jan 23:30 |
14 Dec 23:30 |
11 Aug 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
