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We expect GC to trend downwards today.

Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect GC to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GC to trend downwards 48 hours following the event release at 23 Sep 07:30 if the released value is = -0.75%. A price movement of 2,375 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jun 07:30
25 Mar 08:30
24 Sep 07:30
13 Jun 07:30
21 Mar 08:30
13 Dec 08:30
20 Sep 07:30

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

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