We expect USDCHF to trend downwards later today. Based on these past Italy Inflation Rate YoY Prel news events there is a 66.67% chance of this. We expect this to happen if the released value is > 1.7%. A price movement of 67 pips is expected.
Historical events that allowed us to draw this conclusion
03 Feb 10:00 |
31 Jul 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
