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We expect a $0 movement on 6S within 2 hours following the release of Ifo Business Climate.

We expect a $0 movement on 6S within 2 hours following the release of Ifo Business Climate at 24 Jun 08:00. We expect 6S to trend upwards 2 hours following the event release at 24 Jun 08:00 if the released value is > 100.6. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

25 May 08:00
26 Mar 09:00
22 Feb 09:00
18 Dec 09:00
25 Aug 08:00
24 Jun 08:00

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

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