We expect YM to trend upwards for the next 12 hours. Based on these past Germany Ifo Business Climate news events there is a 75% chance of this. We expect this to happen because the released value is > 87.4. A price movement of 750 pips is expected.
Historical events that allowed us to draw this conclusion
24 Apr 08:00 |
27 Jan 09:00 |
26 Aug 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
