We expect NKD to trend upwards right now.

Based on the last 12 Ifo Business Climate events in Germany, we expect NKD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect NKD to trend upwards for the next 12 hours because the released value is < 97.8. A price movement of 19,000 pips is expected. Historical events that allowed us to draw this conclusion

25 Jan 09:00

24 Sep 08:00

24 Apr 08:00

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