We expect USDCHF to trend downwards for the next 12 hours. Based on these past United States Durable Goods Orders MoM news events there is a 66.67% chance of this. We expect this to happen because the released value is < -0.4%. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion
25 May 12:30 |
24 Mar 12:30 |
27 Jan 13:30 |
24 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
