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 States ISM Non-Manufacturing PMI news event later today. Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $101.906 movement on USDCHF within 4 hours following the event release at 07 Jan 15:00. We expect this to happen if the released value is < 59.0. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

03 Aug 15:00

03 May 15:00

05 Jan 15:00

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

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