We expect USDCHF to trend downwards later today. Based on these past Switzerland GDP Growth Rate QoQ news events there is a 80% chance of this. We expect this to happen if the released value is > 0.2%. A price movement of 7 pips is expected.
Historical events that allowed us to draw this conclusion
06 Sep 05:45 |
31 May 05:45 |
30 Nov 06:45 |
06 Sep 05:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
