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We expect USDCHF to trend downwards today with a 85.71% chance.

Based on the last 12 Continuing Jobless Claims events in United States, we expect USDCHF to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCHF to trend downwards 48 hours following the event release at 22 Aug 12:30 if the released value is < 1700K. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion

08 Aug 12:30
18 Jul 12:30
20 Jun 12:30
06 Jun 12:30
30 May 12:30

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

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