We expect USDCHF to trend upwards for the next 48 hours. Based on these past United Kingdom Inflation Rate YoY news events there is a 80% chance of this. We expect this to happen because the released value is < 4.2%. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion
15 Nov 07:00 |
20 Sep 06:00 |
19 Jul 06:00 |
15 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
