Based on the last 12 Ifo Business Climate events in Germany, we expect YM to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect YM to trend upwards 2 hours following the event release at 26 Mar 09:00 if the released value is > 93.2. A price movement of 15,750 pips is expected.
Historical events that allowed us to draw this conclusion
22 Feb 09:00 |
18 Dec 09:00 |
24 Nov 09:00 |
27 Jul 08:00 |
25 May 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
