Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a 16 pip movement on USDCHF within 2 hours following the event release at 23 Mar 15:00 UTC. We expect USDCHF to trend upwards 2 hours following the event release at 23 Mar 15:00 UTC if the released value is > -14.2

Historical events that allowed us to draw this conclusion

20 Feb 15:00

21 Nov 15:00

20 Sep 14:00

23 Jul 14:00