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There is a 71.43% chance of ES trending upwards

Based on past Switzerland GDP Growth Rate QoQ news events there is a 71.43% chance of ES trending upwards. We expect this to happen if the released value is > 2%. A price movement of 4,137 pips is expected.

Historical events that allowed us to draw this conclusion

26 Feb 08:00
01 Dec 06:45
27 Aug 05:45
03 Mar 06:45
05 Sep 05:45

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

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