Based on the last 12 Ifo Business Climate events in Germany, we expect a $218.96 movement on USDCHF within the next 12 hours. We expect USDCHF to trend upwards for 12 hours because the released value is < 100.4 Historical events that allowed us to draw this conclusion

26 Apr 18:00	25 Jan 20:00
26 Oct 20:00	24 Sep 18:00

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