Based on the last 12 Ifo Business Climate events in Germany, we expect CT to trend downwards later today. Based on these past events there is a 75% chance of this. We expect CT to trend downwards 48 hours following the event release at 2024-11-25 09:00 if the released value is > 86. A price movement of 245 pips is expected.
Historical events that allowed us to draw this conclusion
25 Oct 08:00 |
26 Aug 08:00 |
24 Apr 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
