Based on the last 12 Consumer Confidence events in Switzerland, we expect a 0 pip movement on 6A within 4 hours following the event release at 05 Nov 06:45 UTC. We expect 6A to trend upwards 4 hours following the event release at 05 Nov 06:45 UTC if the released value is > -8
Historical events that allowed us to draw this conclusion
04 Aug 05:45 |
01 Feb 06:45 |
01 Nov 06:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
