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Be very careful of upcoming volatility. We expect a $8.603 movement on ZT.

Be very careful of upcoming volatility because of Australia Westpac Consumer Confidence Index news event later today. Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $8.603 movement on ZT within 12 hours following the event release at 12 Nov 23:30. We expect this to happen if the released value is > 93.5. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

11 Sep 00:30
14 Aug 00:30
15 May 00:30
10 Apr 00:30
11 Dec 23:30
13 Nov 23:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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