We expect USDCHF to trend downwards later today. Based on these past Germany Ifo Business Climate news events there is a 71.43% chance of this. We expect this to happen if the released value is < 85.6. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion
24 Sep 08:00 |
24 Jun 08:00 |
27 May 08:00 |
18 Dec 09:00 |
24 Nov 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
