We expect RTY to trend upwards later today. Based on these past Germany Ifo Business Climate news events there is a 71.43% chance of this. We expect this to happen if the released value is < 87.8. A price movement of 504 pips is expected. Historical events that allowed us to draw this conclusion
24 Nov 09:00 |
25 Aug 08:00 |
26 Jun 08:00 |
24 Apr 08:00 |
22 Feb 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
