Why you should close your USDCHF positions today

Be very careful of upcoming volatility because of United States Retail Sales MoM news event later today. Based on the last 12 Retail Sales MoM events in United States, we expect a $120.43 movement on USDCHF within 4 hours following the event release at 14 Dec 13:30. We expect this to happen if the released value is < 0.2%. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

15 Oct 13:30
14 Sep 13:30
14 Mar 12:30

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

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