We expect USDCHF to trend downwards for the next 12 hours. Based on these past Germany Ifo Business Climate news events there is a 80% chance of this. We expect this to happen because the released value is > 94.7. A price movement of 49 pips is expected.

Historical events that allowed us to draw this conclusion

24 Jun 18:00	26 Mar 20:00
22 Feb 20:00	18 Dec 20:00

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