We expect RA to trend upwards later today. Based on these past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of this. We expect this to happen if the released value is < 78. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
10 Mar 23:30 |
21 Jan 23:30 |
10 Dec 23:30 |
09 Oct 00:30 |
10 Jul 00:30 |
12 Jun 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
