We expect TN to trend downwards for the next 48 hours. Based on these past Switzerland GDP Growth Rate QoQ news events there is a 71.43% chance of this. We expect this to happen because the released value is > 0.4%. A price movement of 226 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 07:00 |
26 Feb 08:00 |
01 Dec 06:45 |
27 Aug 05:45 |
05 Sep 05:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
