Based on the last 12 Ifo Business Climate events in Germany, we expect USDCHF to trend downwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is > 89.3

Historical events that allowed us to draw this conclusion

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

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