We expect a $499.662 movement on USDCHF within 12 hours following the release of Balance of Trade at 16 Mar 10:50. We expect USDCHF to trend upwards 12 hours following the event release at 16 Mar 10:50 if the released value is < ¥-112.6B. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

16 Dec 10:50	20 Oct 10:50
16 Sep 09:50	21 Jul 09:50
16 Jun 09:50	17 Mar 10:50

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