Based on the last 12 Ifo Business Climate events in Germany, we expect USDCHF to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect USDCHF to trend upwards 4 hours following the event release at 26 Oct 20:00 if the released value is > 93. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

25 Aug 18:00	27 Jul 18:00
24 Jun 18:00	24 Feb 20:00
18 Dec 20:00	25 Oct 19:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).