Based on the last 12 Ifo Business Climate events in Germany, we expect 6A to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect 6A to trend upwards 12 hours following the event release at 25 Mar 09:00 if the released value is > 87.7. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
24 Feb 09:00 |
18 Dec 09:00 |
24 Sep 08:00 |
24 Jun 08:00 |
25 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
