Based on past Germany Ifo Business Climate news events there is a 83.33% chance of CL trending downwards. We expect this to happen if the released value is > 95.3. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
24 Jun 08:00 |
25 May 08:00 |
26 Mar 09:00 |
22 Feb 09:00 |
18 Dec 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
