Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of USDCHF trending downwards. We expect this to happen because the released value is > 9.9%. A price movement of 72 pips is expected.
Historical events that allowed us to draw this conclusion
23 Mar 18:00 |
16 Feb 18:00 |
19 Jan 18:00 |
15 Dec 18:00 |
17 Nov 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).