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We expect a 34 pip movement on USDCHF for the next 12 hours.

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”).

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

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We expect KC to trend downwards for the next 12 hours.

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