Be very careful of upcoming volatility because of Germany Ifo Business Climate news event later today. Based on the last 12 Ifo Business Climate events in Germany, we expect a $0 movement on RA within 12 hours following the event release at 25 Nov 09:00. We expect this to happen if the released value is > 95.0. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
25 Oct 08:00 |
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”).
