We expect C to trend downwards for the next 4 hours. Based on these past Germany Ifo Business Climate news events there is a 75% chance of this. We expect this to happen because the released value is < 86.8. A price movement of 127287 pips is expected. Historical events that allowed us to draw this conclusion
17 Dec 09:00 |
26 Jul 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
