We expect GBPUSD to trend upwards for the next 48 hours. Based on these past Switzerland GDP Growth Rate QoQ news events there is a 75% chance of this. We expect this to happen because the released value is < 0.4%. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion
26 Nov 08:00 |
02 Sep 07:00 |
03 Jun 05:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
