We expect USDCHF to trend upwards later today. Based on these past Germany Ifo Business Climate news events there is a 83.33% chance of this. We expect this to happen if the released value is > 85. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

25 Oct 19:00	25 Aug 18:00
25 Apr 18:00	22 Feb 20:00
25 Jan 20:00

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