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There is a 75% chance of ZB trending upwards

Based on past Switzerland SNB Interest Rate Decison news events there is a 75% chance of ZB trending upwards. We expect this to happen if the released value is = -0.75%. A price movement of 859 pips is expected.

Historical events that allowed us to draw this conclusion

24 Sep 07:30
18 Jun 07:30
19 Mar 08:30
19 Sep 07:30
13 Jun 07:30
21 Mar 08:30
13 Dec 08:30
21 Jun 07:30
14 Dec 08:30

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

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Important price line being approached by FRA40. This price has been tested numerous times before.

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