We expect USDCHF to trend downwards for the next 12 hours. Based on these past Germany Ifo Business Climate news events there is a 66.67% chance of this. We expect this to happen because the released value is > 94.4. A price movement of 51 pips is expected.
Historical events that allowed us to draw this conclusion
24 Jun 08:00 |
25 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
