Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 24 pip movement on USDCHF within 2 hours following the event release at 19 Mar 12:30 UTC. We expect USDCHF to trend downwards 2 hours following the event release at 19 Mar 12:30 UTC if the released value is < 10 Historical events that allowed us to draw this conclusion

19 Dec 13:30

17 Oct 12:30

20 Jun 12:30