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”).
