Based on the last 12 GDP Growth Rate YoY Flash events in Euro Area, we expect USDCHF to trend downwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend downwards 2 hours following the event release at 31 Jul 09:00 if the released value is > 1%. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
31 Oct 10:00 |
31 Jan 10:00 |
29 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
