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We expect BP to trend upwards with a 66.67% chance.

Based on the last 12 Ifo Business Climate events in Germany, we expect BP to trend upwards. Based on these past events there is a 66.67% chance of this. We expect BP to trend upwards for 12 hours because the released value is > 90.1. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

25 Aug 08:00
27 Jul 08:00
25 May 08:00
24 Feb 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect 6C to trend upwards today with a 66.67% chance.

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