We expect a $119 movement on USDCHF within 4 hours following the release of Balance of Trade at 2023-06-08 01:30. We expect USDCHF to trend downwards 4 hours following the event release at 2023-06-08 01:30 if the released value is < A$14B. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion
07 Mar 00:30 |
07 Feb 00:30 |
08 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
