Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 71 pip movement on EURUSD within 48 hours following the event release at 09 Feb 10:30 GMT+11. We expect EURUSD to trend upwards 48 hours following the event release at 09 Feb 10:30 GMT+11 if the released value is < 102 Historical events that allowed us to draw this conclusion

15 Dec 10:30	13 Oct 11:30
11 Aug 10:30	19 May 10:30
20 Jan 10:30

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