We expect USDCHF to trend downwards today with a 70% chance.

Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect USDCHF to trend downwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is > 64.2

Historical events that allowed us to draw this conclusion

23 Jun 07:30
23 Apr 07:30
24 Mar 08:30
19 Feb 08:30
23 Nov 08:30
23 Oct 07:30
23 Sep 07:30

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

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