We expect a $418.048 movement on USDCHF within the next 12 hours. We expect USDCHF to trend downwards 12 hours following the Philadelphia Fed Manufacturing Index events in United States release because the released value is < 10. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion

20 Dec 00:30	17 Oct 23:30
20 Jun 22:30

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