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Why you should close your USDCHF positions today

Why you should close your USDCHF positions today

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”)

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