We expect USDCHF to trend upwards for the next 48 hours. Based on these past Germany ZEW Economic Sentiment Index news events there is a 80% chance of this. We expect this to happen because the released value is > -63.4. A price movement of 71 pips is expected.
Historical events that allowed us to draw this conclusion
10 May 19:00 |
12 Apr 19:00 |
18 Jan 21:00 |
09 Nov 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).