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We expect USDCHF to trend downwards today with a 90% chance.

Based on the last 12 KOF Leading Indicators events in Switzerland, we expect USDCHF to trend downwards later today. Based on these past events there is a 90% chance of this. This will happen if the released value is < 93 Historical events that allowed us to draw this conclusion

28 Jun 07:00
29 May 07:00
30 Apr 07:00
28 Feb 08:00
30 Jan 08:00
30 Nov 08:00
30 Oct 08:00
30 Aug 07:00
30 Jul 07:00

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

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Be very careful of upcoming volatility. We expect a $480 movement on EURUSD.

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We expect EURUSD to trend upwards today.

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