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We expect a 0 pip movement on NE within 12 hours following the event release.

Based on the last 12 KOF Leading Indicators events in Switzerland, we expect a 0 pip movement on NE within 12 hours following the event release at 30 Nov 08:00 UTC. We expect NE to trend upwards 12 hours following the event release at 30 Nov 08:00 UTC if the released value is > 101

Historical events that allowed us to draw this conclusion

30 Sep 07:00
28 Aug 07:00
30 Jul 07:00
28 Feb 08:00
30 Dec 08:00

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

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