Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect NIY to trend upwards. Based on these past events there is a 75% chance of this. We expect NIY to trend upwards for 12 hours because the released value is = -0.75%. A price movement of 29,500 pips is expected.
Historical events that allowed us to draw this conclusion
25 Mar 08:30 |
24 Sep 07:30 |
18 Jun 07:30 |
19 Mar 08:30 |
12 Dec 08:30 |
19 Sep 07:30 |
13 Jun 07:30 |
21 Mar 08:30 |
20 Sep 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
