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We expect a 0 pip movement on 6A for the next 2 hours.

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”).

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Soybean Meal AUGUST 2021 moves lower to 355 in the last 24 days.

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We expect a 89 pip movement on UB within 4 hours following the event release.

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