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 4 hours following the event release at 12 Jul 09:00 if the released value is > -1.6%. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jun 09:00 |
14 May 09:00 |
13 Mar 10:00 |
12 Dec 10:00 |
12 Oct 09:00 |
12 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
