Based on the last 12 Ifo Business Climate events in Germany, we expect BP to trend upwards. Based on these past events there is a 66.67% chance of this. We expect BP to trend upwards for 12 hours because the released value is > 90.1. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
25 Aug 08:00 |
27 Jul 08:00 |
25 May 08:00 |
24 Feb 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
