Based on the last 12 Ifo Business Climate events in Germany, we expect NKD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect NKD to trend upwards for the next 12 hours because the released value is < 97.8. A price movement of 19,000 pips is expected. Historical events that allowed us to draw this conclusion
25 Jan 09:00 |
24 Sep 08:00 |
24 Apr 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
