Based on the last 12 Ifo Business Climate events in Germany, we expect USDCHF to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend downwards for the next 2 hours because the released value is > 90.1. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

25 Aug 18:00	24 Jun 18:00
25 May 18:00	18 Dec 20:00

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