We expect USDCHF to trend upwards later today. Based on these past United Kingdom GDP Growth Rate QoQ Prel news events there is a 80% chance of this. We expect this to happen if the released value is > 0%. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
26 Jan 09:30 |
25 Oct 08:30 |
26 Jan 09:30 |
27 Jul 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
