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We expect a $4648200 movement on NIY within 12 hours following the event release at 2024-06-24 08:00.

Based on the last 12 Ifo Business Climate events in Germany, we expect a $4648200 movement on NIY within 12 hours following the event release at 2024-06-24 08:00. We expect NIY to trend downwards 12 hours following the event release at 2024-06-24 08:00 if the released value is < 89.7 Historical events that allowed us to draw this conclusion

27 May 08:00
25 Jan 09:00
18 Dec 09:00
24 Nov 09:00
25 Jul 08:00

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

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