We expect USDCHF to trend upwards later today. Based on these past Germany Ifo Business Climate news events there is a 80% chance of this. We expect this to happen if the released value is > 89.1. A price movement of 79 pips is expected.
Historical events that allowed us to draw this conclusion
22 Feb 09:00 |
25 Jan 09:00 |
25 May 08:00 |
26 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
