Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDCHF to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards 12 hours following the event release at 2024-10-25 12:30 if the released value is < -1%. A price movement of 23 pips is expected. Historical events that allowed us to draw this conclusion
25 Jul 12:30 |
25 Jan 13:30 |
22 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
