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There is a 75% chance of S trending downwards

Based on past Germany Ifo Business Climate news events there is a 75% chance of S trending downwards. We expect this to happen if the released value is < 86.7. A price movement of 1750 pips is expected. Historical events that allowed us to draw this conclusion

18 Dec 09:00
24 Nov 09:00
25 Jul 08:00
24 May 08:00
24 Apr 08:00
22 Feb 09:00

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

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We expect USDCAD to trend upwards right now.

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NZD/USD experienced a very large 28 days bearish move to 0.61027

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