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Based on past Italy GDP Growth Rate QoQ Adv news events there is a 80% chance of USDCHF trending upwards. We expect this to happen if the released value is > -0.2%. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
31 Oct 20:00 |
29 Jul 18:00 |
31 Jan 21:00 |
29 Oct 19:00 |
30 Apr 18:00 |
02 Feb 20:00 |
30 Oct 20:00 |
31 Jul 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).