Consumer Confidence Flash

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Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect USDCHF to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend upwards 12 hours following the event release at 2023-05-22 14:00 if the released value is < -16.8. A price movement of 34 pips is expected. Historical events that allowed us to draw this conclusion

23 Mar 15:00
20 Dec 15:00
20 Jul 14:00
22 Jun 14:00

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