Based on past Germany Ifo Business Climate news events there is a 80% chance of NKD trending downwards. We expect this to happen because the released value is > 84.7. A price movement of 220 pips is expected.
Historical events that allowed us to draw this conclusion
25 Oct 08:00 |
26 Aug 08:00 |
24 Apr 08:00 |
22 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
