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We expect a 0 pip movement on 6A within 4 hours following the event release.

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”).

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