We expect USDCHF to trend downwards for the next 2 hours. Based on these past United Kingdom Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is > £-11.7B. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
11 Apr 06:00 |
11 Feb 07:00 |
14 Jan 07:00 |
10 Dec 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
