Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect USDCHF to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend downwards 48 hours following the event release at 30 Apr 15:30 if the released value is = -3.5%. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

30 Apr 15:30

28 Jul 15:30

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