Based on the last Ifo Business Climate events in DE, we expect a $70 movement on AUDUSD within hours following the event release at 25 Oct 08:00.
We expect AUDUSD to trend up hours following the event release at 25 Oct 08:00 if the released value is > 103
Historical events that allowed us to draw this conclusion
24 Sep 08:00 |
27 Aug 08:00 |
25 Jul 08:00 |
24 Nov 09:00 |
25 Oct 08:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
