Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDCHF to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards 48 hours following the event release at 2022-11-14 10:00 if the released value is > 2.8%. A price movement of 71 pips is expected.
Historical events that allowed us to draw this conclusion
12 Oct 09:00 |
12 Aug 09:00 |
13 Jul 09:00 |
20 Apr 09:00 |
14 Dec 10:00 |
12 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
