We expect a $71.095 movement on USDCHF within 4 hours following the release of Balance of Trade at 04 Sep 12:30. We expect USDCHF to trend downwards 4 hours following the event release at 04 Sep 12:30 if the released value is < C$-0.4B. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion
09 May 12:30 |
06 Mar 13:30 |
08 Jan 13:30 |
06 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
