We expect CC to trend downwards for the next 48 hours. Based on these past Switzerland SNB Interest Rate Decison news events there is a 72.73% chance of this. We expect this to happen because the released value is = 0.5%. A price movement of 8400 pips is expected.
Historical events that allowed us to draw this conclusion
16 Dec 08:30 |
23 Sep 07:30 |
17 Jun 07:30 |
25 Mar 08:30 |
24 Sep 07:30 |
19 Mar 08:30 |
12 Dec 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
