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There is a 87.5% chance of ZB trending upwards

Based on past Switzerland KOF Leading Indicators news events there is a 87.5% chance of ZB trending upwards. We expect this to happen if the released value is > 109. A price movement of 85 pips is expected.

Historical events that allowed us to draw this conclusion

29 Oct 07:00
30 Sep 07:00
28 May 07:00
30 Apr 07:00
30 Mar 07:00
26 Feb 08:00
30 Dec 08:00

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

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We expect ES to trend downwards with a 75% chance.

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