Based on the last 12 Ifo Business Climate events in Germany, we expect a 165 pip movement on GBPUSD within 12 hours following the event release at 2022-12-19 09:00. We expect GBPUSD to trend upwards 12 hours following the event release at 2022-12-19 09:00 if the released value is > 87.4
Historical events that allowed us to draw this conclusion
24 Nov 09:00 |
25 Oct 08:00 |
23 May 08:00 |
22 Feb 09:00 |
25 Jan 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
