We expect USDCHF to trend downwards later today. Based on these past United States Housing Starts news events there is a 71.43% chance of this. We expect this to happen if the released value is > 1.53M. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

19 Nov 00:30	17 Jul 22:30
20 Feb 00:30	18 Jan 00:30

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