We expect LE to trend downwards right now.

Based on the last 12 Ifo Business Climate events in Germany, we expect LE to trend downwards right now. Based on these past events there is a 80% chance of this. We expect LE to trend downwards for the next 2 hours because the released value is < 93.8. A price movement of 188 pips is expected. Historical events that allowed us to draw this conclusion

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