Be very careful of upcoming volatility because of Switzerland KOF Leading Indicators news event later today. Based on the last 12 KOF Leading Indicators events in Switzerland, we expect a $20.253 movement on USDCHF within 12 hours following the event release at 30 Aug 07:00. We expect this to happen if the released value is > 94.5. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jul 07:00 |
29 Mar 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
