We expect USDCHF to trend upwards for the next 12 hours. Based on these past United Kingdom Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen because the released value is < 7%. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion
19 Jul 06:00 |
15 Feb 07:00 |
14 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
