Based on the last 12 GDP Growth Rate QoQ events in Switzerland, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 4 hours following the event release at 2022-11-29 19:00 if the released value is < 0.3%. A price movement of 39 pips is expected. Historical events that allowed us to draw this conclusion
05 Sep 17:00 |
28 Feb 19:00 |
02 Sep 17:00 |
03 Jun 15:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).