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Be very careful of upcoming volatility. We expect a $731.124 movement on USDCHF.

Be very careful of upcoming volatility because of United Kingdom GfK Consumer Confidence news event later today. Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $731.124 movement on USDCHF within 12 hours following the event release at 29 Nov 00:01. We expect this to happen if the released value is > -14. A price movement of 73 pips is expected.

Historical events that allowed us to draw this conclusion

26 Sep 23:01
30 May 23:01
28 Feb 00:01
31 Jan 00:01

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

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We expect a $4.584 movement on ZR within 48 hours following the event release at 29 Nov 00:01.

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EUR/USD Target Level: 1.0990

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