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Be very careful of upcoming volatility. We expect a $254.188 movement on USDCHF.

Be very careful of upcoming volatility because of Euro Area Consumer Confidence Flash news event later today. Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a $254.188 movement on USDCHF within 48 hours following the event release at 23 Jul 14:00. We expect this to happen if the released value is > -7.2. A price movement of 25 pips is expected.

Historical events that allowed us to draw this conclusion

23 Oct 14:00
23 Jul 14:00

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

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