Based on the last 12 Ifo Business Climate events in Germany, we expect a 141,750 pip movement on YM within 48 hours following the event release at 22 Feb 09:00 UTC. We expect YM to trend downwards 48 hours following the event release at 22 Feb 09:00 UTC if the released value is > 90.5
Historical events that allowed us to draw this conclusion
18 Dec 09:00 |
25 Aug 08:00 |
27 Jul 08:00 |
24 Jun 08:00 |
24 Feb 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
