Based on the last 12 Ifo Business Climate events in Germany, we expect a $8534375 movement on NKD within 12 hours following the event release at 2023-03-27 08:00. We expect NKD to trend upwards 12 hours following the event release at 2023-03-27 08:00 if the released value is > 91
Historical events that allowed us to draw this conclusion
25 Oct 08:00 |
25 Aug 08:00 |
23 May 08:00 |
25 Apr 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
