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We expect GC to trend upwards today with a 66.67% chance.

Based on the last 12 KOF Leading Indicators events in Switzerland, GC could trend upwards later today. Based on these past events there is a 66.67% chance of this. If the released value is > 102.3 we could see GC trend upwards 2 hours following the event release at 30 May 07:00.

Historical events that allowed us to draw this conclusion

29 Apr 07:00
30 Dec 08:00
30 Sep 07:00
28 May 07:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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GBPUSD may be ready to trend upwards today with a 66.67% chance.

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