Based on the last 12 KOF Leading Indicators events in Switzerland, we expect LE to trend downwards later today. Based on these past events there is a 75% chance of this. We expect LE to trend downwards 12 hours following the event release at 30 Sep 07:00 if the released value is < 106. A price movement of 242 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
