Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $962.325 movement on USDCHF within 48 hours following the event release at 23 Jun 17:30. We expect USDCHF to trend downwards 48 hours following the event release at 23 Jun 17:30 if the released value is > 41.5

Historical events that allowed us to draw this conclusion

24 Mar 19:30	21 Feb 19:30
22 Aug 17:30	21 Jun 17:30

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