We expect a 141,750 pip movement on YM within 48 hours following the event release.

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”).

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