We expect a $296.07 movement on USDCHF within 48 hours following the release of Michigan Consumer Sentiment Prel at 16 Aug 14:00. We expect USDCHF to trend upwards 48 hours following the event release at 16 Aug 14:00 if the released value is < 97.2. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion
19 Jul 14:00 |
14 Jun 14:00 |
12 Apr 14:00 |
18 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
