We expect USDCHF to trend downwards for the next 2 hours. Based on these past Germany Ifo Business Climate news events there is a 71.43% chance of this. We expect this to happen because the released value is < 90.2. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion
24 Jun 08:00 |
25 Mar 09:00 |
24 Sep 08:00 |
25 Aug 08:00 |
26 Jul 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
