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We expect SP to trend downwards with a 80% chance.

Based on the last 12 Ifo Business Climate events in Germany, we expect SP to trend downwards. Based on these past events there is a 80% chance of this. We expect SP to trend downwards for 12 hours because the released value is < 87.7. A price movement of 4,915 pips is expected. Historical events that allowed us to draw this conclusion

27 Jan 09:00
23 May 08:00

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

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A final push expected on DASHBTC as it starts approaching a price line of 0.0102.

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We expect a 0 pip movement on 6J within 12 hours following the event release.

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