We expect a $132.802 movement on USDCHF within 2 hours following the release of Consumer Confidence at 31 Aug 15:00. We expect USDCHF to trend upwards 2 hours following the event release at 31 Aug 15:00 if the released value is < 29. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

01 Jul 15:00	29 May 15:00
06 Apr 15:20	03 Mar 16:00
02 Oct 15:00	29 Aug 15:00

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