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We expect USDCHF to trend upwards today with a 80% chance.

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”).

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