We expect UB to trend upwards later today. Based on these past Germany Ifo Business Climate news events there is a 87.5% chance of this. We expect this to happen if the released value is < 84.6. A price movement of 15625 pips is expected. Historical events that allowed us to draw this conclusion
17 Dec 09:00 |
25 Nov 09:00 |
24 Sep 08:00 |
25 Jul 08:00 |
24 Jun 08:00 |
27 May 08:00 |
25 Jan 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
