Be very careful of upcoming volatility because of Switzerland GDP Growth Rate YoY news event later today. Based on the last 12 GDP Growth Rate YoY events in Switzerland, we expect a $530 movement on AUDUSD within 48 hours following the event release at 05 Sep 05:45. We expect this to happen if the released value is < 0.9%. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion
29 Nov 06:45 |
31 May 05:45 |
05 Sep 05:45 |
01 Jun 05:45 |
02 Dec 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
