Based on past Germany Ifo Business Climate news events there is a 75% chance of USDCHF trending upwards. We expect this to happen because the released value is > 86. A price movement of 66 pips is expected.
Historical events that allowed us to draw this conclusion
25 Oct 08:00 |
25 Sep 08:00 |
27 Mar 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
