We expect a $505 movement on USDCHF within the next 12 hours. We expect USDCHF to trend upwards 12 hours following the GDP Growth Rate QoQ Flash events in Euro Area release because the released value is > -0.1%. A price movement of 45 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jul 09:00 |
30 Oct 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
