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We expect YM to trend upwards today.

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”).

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