What to trade around United Kingdom GfK Consumer Confidence news event

Past performance is not an indicator of future results.
Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect AUDUSD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend upwards for the next 12 hours because the released value is > -15. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

31 Jan 00:01
31 May 00:01
29 Mar 00:01

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

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