Based on the last 12 Ifo Business Climate events in Germany, we expect ZC to trend downwards later today. Based on these past events there is a 75% chance of this. We expect ZC to trend downwards 12 hours following the event release at 2024-10-25 08:00 if the released value is > 85.6. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
26 Aug 08:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
