Based on the last 12 GDP Growth Rate QoQ Adv events in US, we expect USDCHF to trend up later today. Based on these past events there is a 71.4% of this.
We expect USDCHF to trend up 4 hours following the event release at 26 Oct 12:30 if the released value is < 3.3%. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
26 Jan 13:30 |
28 Apr 12:30 |
28 Apr 12:30 |
29 Jan 13:30 |
29 Oct 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
