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Based on the last 12 Balance of Trade events in United Kingdom, we expect USDCHF to trend downwards later today. Based on these past events there is a 87.5% chance of this. This may happen if the released value is > £-3.2B
Historical events that allowed us to draw this conclusion
11 Nov 18:00 |
12 Oct 17:00 |
12 Sep 16:00 |
11 Apr 16:00 |
11 Feb 18:00 |
14 Jan 18:00 |
10 Dec 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).