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We expect USDCHF to trend downwards today.

Based on the last 12 Continuing Jobless Claims events in United States, we expect USDCHF to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect USDCHF to trend downwards 12 hours following the event release at 25 Jul 12:30 if the released value is < 1688K. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

18 Jul 12:30
20 Jun 12:30
06 Jun 12:30
30 May 12:30
23 May 12:30

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

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