Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect GC to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GC to trend downwards 48 hours following the event release at 23 Sep 07:30 if the released value is = -0.75%. A price movement of 2,375 pips is expected.
Historical events that allowed us to draw this conclusion
17 Jun 07:30 |
25 Mar 08:30 |
24 Sep 07:30 |
13 Jun 07:30 |
21 Mar 08:30 |
13 Dec 08:30 |
20 Sep 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
