We expect USDCHF to trend downwards for the next 12 hours. Based on these past Germany Unemployment Rate news events there is a 75% chance of this. We expect this to happen because the released value is < 5.5%. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion
01 Feb 19:55 |
04 Jan 19:55 |
31 Aug 17:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).