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We expect YM to trend downwards today with a 66.67% chance.

Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect YM to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect YM to trend downwards 4 hours following the event release at 17 Jun 07:30 if the released value is = -0.75%. A price movement of 64,400 pips is expected.

Historical events that allowed us to draw this conclusion

25 Mar 08:30
17 Dec 08:30
18 Jun 07:30
19 Mar 08:30
12 Dec 08:30
21 Mar 08:30
13 Dec 08:30
21 Jun 07:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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