Based on past France GDP Growth Rate QoQ 1st Est news events there is a 75% chance of USDCHF trending downwards. We expect this to happen because the released value is > 0.2%. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

28 Jan 17:30	29 Oct 16:30
30 Jul 15:30	29 Jan 17:30
30 Oct 17:30	31 Jul 15:30

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