Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a 80 pip movement on USDCHF within 48 hours following the event release at 31 Aug 22:00 GMT+10. We expect USDCHF to trend downwards 48 hours following the event release at 31 Aug 22:00 GMT+10 if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
28 May 22:00 |
29 Feb 00:00 |
31 Jan 00:00 |
31 Oct 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).