Based on the last 12 KOF Leading Indicators events in Switzerland, we expect USDCHF to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards 2 hours following the event release at 30 Nov 19:00 if the released value is < 109. A price movement of 38 pips is expected. Historical events that allowed us to draw this conclusion
30 Aug 17:00 |
30 Jun 17:00 |
29 Jan 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).