Based on past Japan GDP Growth Rate QoQ Prel news events there is a 80% chance of USDCHF trending downwards. We expect this to happen because the released value is > 0.8%. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
16 May 23:50 |
15 Aug 23:50 |
14 Feb 23:50 |
15 Nov 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
