Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect NIY to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect NIY to trend upwards 4 hours following the event release at 09 Jun 00:30 if the released value is > 114. A price movement of 9,750 pips is expected.
Historical events that allowed us to draw this conclusion
14 Apr 00:30 |
09 Feb 23:30 |
09 Dec 01:30 |
13 Oct 23:30 |
09 Sep 00:30 |
10 Jun 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
