Based on past Germany Ifo Business Climate news events there is a 80% chance of GC trending downwards. We expect this to happen because the released value is > 85.9. A price movement of 1440 pips is expected.
Historical events that allowed us to draw this conclusion
25 Sep 08:00 |
27 Mar 08:00 |
19 Dec 09:00 |
24 Nov 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
