We expect a $225.13 movement on USDCHF within 2 hours following the release of Ifo Business Climate at 24 Apr 18:00. We expect USDCHF to trend downwards 2 hours following the event release at 24 Apr 18:00 if the released value is > 80. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

18 Dec 20:00	25 Oct 19:00
24 Sep 18:00	24 Jun 18:00

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