Based on the last 12 Ifo Business Climate events in Germany, we expect a $130 movement on EURUSD within 2 hours following the event release at 2024-12-17 09:00. We expect EURUSD to trend upwards 2 hours following the event release at 2024-12-17 09:00 if the released value is < 85.6 Historical events that allowed us to draw this conclusion
25 Nov 09:00 |
24 Sep 08:00 |
25 Jul 08:00 |
24 Jun 08:00 |
27 May 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
