Based on the last 12 Durable Goods Orders MoM events in United States, we expect USDCHF to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDCHF to trend downwards 12 hours following the event release at 2022-08-24 12:30 if the released value is < 0.6%. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion
25 May 12:30 |
24 Mar 12:30 |
27 Jan 13:30 |
24 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
