We expect USDCHF to trend upwards 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 < 97.1. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
24 Apr 08:00 |
22 Feb 09:00 |
18 Dec 09:00 |
26 Nov 09:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
