Based on past United Kingdom GDP Growth Rate QoQ Prel news events there is a 75% chance of USDCHF trending downwards. We expect this to happen because the released value is > -0.2%. A price movement of 34 pips is expected.
Historical events that allowed us to draw this conclusion
12 May 06:00 |
12 Feb 07:00 |
13 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
