Based on the last 12 Consumer Confidence events in JP, we expect USDCHF to trend up later today. Based on these past events there is a 80.0% of this.
We expect USDCHF to trend up 2 hours following the event release at 09 May 05:00 if the released value is < 41. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
08 Apr 05:00 |
01 Mar 05:00 |
30 Jan 05:00 |
30 Nov 05:00 |
29 Aug 05:00 |
31 Jul 05:00 |
29 Jun 05:00 |
30 May 05:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
