Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect NQ to trend downwards. Based on these past events there is a 66.67% chance of this. We expect NQ to trend downwards for 4 hours because the released value is < 106. A price movement of 3,937 pips is expected. Historical events that allowed us to draw this conclusion
13 Oct 00:30 |
09 Jun 00:30 |
19 May 00:30 |
19 Jan 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
