We expect USDCHF to trend downwards for the next 48 hours. Based on these past Japan Balance of Trade news events there is a 75% chance of this. We expect this to happen because the released value is < ¥-1405B. A price movement of 251 pips is expected. Historical events that allowed us to draw this conclusion
15 Jun 23:50 |
15 Mar 23:50 |
16 Feb 23:50 |
15 Dec 23:50 |
19 Oct 23:50 |
20 Jul 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
