We expect TN to trend downwards later today. Based on these past Switzerland KOF Leading Indicators news events there is a 71.43% chance of this. We expect this to happen if the released value is < 91.3. A price movement of 202 pips is expected. Historical events that allowed us to draw this conclusion
28 Oct 07:00 |
30 Aug 07:00 |
30 May 07:00 |
30 Mar 07:00 |
30 Nov 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
