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We expect NIY to trend upwards with a 75% chance.

Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect NIY to trend upwards. Based on these past events there is a 75% chance of this. We expect NIY to trend upwards for 12 hours because the released value is = -0.75%. A price movement of 29,500 pips is expected.

Historical events that allowed us to draw this conclusion

25 Mar 08:30
24 Sep 07:30
18 Jun 07:30
19 Mar 08:30
12 Dec 08:30
19 Sep 07:30
13 Jun 07:30
21 Mar 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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