Based on the last 12 Ifo Business Climate events in Germany, we may expect USDCHF to trend upwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because because the released value is > 91.4. A price movement of 36 pips may be experienced.

Historical events that allowed us to draw this conclusion

25 Apr 18:00	22 Feb 20:00
25 Jan 20:00	25 May 18:00

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