Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 10 pip movement on USDCHF within 4 hours following the event release at 2023-01-13 21:00. We expect USDCHF to trend upwards 4 hours following the event release at 2023-01-13 21:00 if the released value is > 0.5%

Historical events that allowed us to draw this conclusion

14 Nov 21:00	12 Aug 19:00
13 Jul 19:00	13 May 19:00
20 Apr 19:00

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