Based on the last 12 Business Confidence events in Euro Area, we expect a 8 pip movement on USDCHF within 2 hours following the event release at 30 Jul 09:00 UTC. We expect USDCHF to trend upwards 2 hours following the event release at 30 Jul 09:00 UTC if the released value is > 0.08
Historical events that allowed us to draw this conclusion
29 Nov 10:00 |
27 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
