Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a 11 pip movement on USDCHF within 4 hours following the event release at 02 Feb 20:00 GMT+11. We expect USDCHF to trend downwards 4 hours following the event release at 02 Feb 20:00 GMT+11 if the released value is > -2.2%

Historical events that allowed us to draw this conclusion

30 Oct 20:00	30 Apr 20:00
31 Oct 22:00	30 Apr 20:00

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