Based on the last 12 Unemployment Rate events in United Kingdom, we expect USDCHF to trend downwards. Based on these past events there is a 80% chance of this. We expect USDCHF to trend downwards for 2 hours because the released value is = 3.8%. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
15 Feb 07:00 |
12 Oct 06:00 |
14 Sep 06:00 |
15 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
