Based on the last 12 Ifo Business Climate events in Germany, we expect a 0 pip movement on 6A for the next 2 hours. We expect 6A to trend downwards for 2 hours because the released value is > 100.6
Historical events that allowed us to draw this conclusion
25 May 08:00 |
26 Mar 09:00 |
24 Nov 09:00 |
25 Aug 08:00 |
27 Jul 08:00 |
24 Jun 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
