We expect USDCHF to trend upwards for the next 2 hours. Based on these past Germany Ifo Business Climate news events there is a 75% chance of this. We expect this to happen because the released value is > 86.8. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

25 Apr 08:00

22 Feb 09:00

25 Jan 09:00