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There is a 80% chance of BO trending upwards

Based on the last 12 Ifo Business Climate events in Germany, we expect BO to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 83.3

Historical events that allowed us to draw this conclusion

25 Aug 08:00
25 Apr 08:00
22 Feb 09:00
25 Jan 09:00

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

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