Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect USDCHF to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend upwards 12 hours following the event release at 02 Feb 21:00 if the released value is > -1%. A price movement of 9 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 21:00

30 Apr 19:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).