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”).
