Based on the last 12 Ifo Business Climate events in Germany, we expect a $760 movement on GBPUSD within 48 hours following the event release at 25 Nov 09:00. We expect GBPUSD to trend downwards 48 hours following the event release at 25 Nov 09:00 if the released value is > 95.0
Historical events that allowed us to draw this conclusion
24 Sep 08:00 |
24 Jun 08:00 |
25 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
