Based on the last 12 Housing Starts events in United States, we expect a 13 pip movement on USDCHF within 2 hours following the event release at 19 May 12:30 UTC. We expect USDCHF to trend downwards 2 hours following the event release at 19 May 12:30 UTC if the released value is < 0.927M Historical events that allowed us to draw this conclusion

19 Nov 13:30

17 Oct 12:30

16 Aug 12:30

17 Jul 12:30