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On Event

32 pip movement on USDCHF expected

Based on the last 12 Unemployment Rate events in Euro Area, we expect USDCHF to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend upwards 2 hours following the event release at 2023-06-01 09:00 if the released value is = 6.5%. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

03 Nov 10:00
30 Sep 09:00
01 Sep 09:00
01 Jun 09:00