18 pip movement on USDCHF expected

Based on the last 12 Unemployment Rate events in Germany, we expect a 18 pip movement on USDCHF within 2 hours following the event release at 31 Aug 07:55 UTC. We expect USDCHF to trend upwards 2 hours following the event release at 31 Aug 07:55 UTC if the released value is < 5.6% Historical events that allowed us to draw this conclusion

29 Jul 07:55
01 Dec 08:55
29 Oct 08:55
30 Sep 07:55