Based on the last 12 Ifo Business Climate events in Germany, we expect a 28 pip movement on NZDUSD within 2 hours following the event release at 2023-04-24 08:00. We expect NZDUSD to trend upwards 2 hours following the event release at 2023-04-24 08:00 if the released value is < 94 Historical events that allowed us to draw this conclusion
22 Feb 09:00 |
25 Jul 08:00 |
24 Jun 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
