Be very careful of upcoming volatility because of the DE Ifo Business Climate news event later today. Based on the last 12 Ifo Business Climate events in DE, we expect a $107.86 movement on USDCHF within 2 hours following the event release at 24 Apr 08:00.
We expect this to happen if the released value is > 99.9. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
25 Mar 09:00 |
24 Sep 08:00 |
27 Aug 08:00 |
25 Jul 08:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
