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Be very careful of upcoming volatility. We expect a $530 movement on AUDUSD.

Be very careful of upcoming volatility because of Switzerland GDP Growth Rate YoY news event later today. Based on the last 12 GDP Growth Rate YoY events in Switzerland, we expect a $530 movement on AUDUSD within 48 hours following the event release at 05 Sep 05:45. We expect this to happen if the released value is < 0.9%. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion

29 Nov 06:45
31 May 05:45
05 Sep 05:45
01 Jun 05:45
02 Dec 06:45

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

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We expect a $40.67 movement on USDCHF within 4 hours following the event release at 05 Sep 05:45.

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After experiencing a 1.35% bullish move in the space of 4 days, nobody knows where AUD/USD is headed.

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