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We expect USDCHF to trend downwards today.

Based on the last 12 Housing Starts events in United States, we expect a 237 pip movement on USDCHF within 48 hours following the event release at 2022-08-16 12:30. We expect USDCHF to trend downwards 48 hours following the event release at 2022-08-16 12:30 if the released value is < 1.54M Historical events that allowed us to draw this conclusion

16 Jun 12:30
18 May 12:30
17 Feb 13:30
17 Nov 13:30
19 Oct 12:30

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

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