We expect NIY to trend downwards later today. Based on these past Germany Ifo Business Climate news events there is a 80% chance of this. We expect this to happen if the released value is < 89.3. A price movement of 340 pips is expected. Historical events that allowed us to draw this conclusion
25 Jul 08:00 |
24 Feb 09:00 |
17 Dec 09:00 |
24 Sep 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
