Why you should close your USDCHF positions today

Past performance is not an indicator of future results.
Be very careful of upcoming volatility because of United Kingdom Balance of Trade news event later today. Based on the last 12 Balance of Trade events in United Kingdom, we expect a $119.974 movement on USDCHF within 4 hours following the event release at 10 Apr 09:30. We expect this to happen if the released value is > £-1.2B. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

09 Nov 09:30

10 Aug 09:30

11 Apr 09:30

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

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