Based on the last 12 Ifo Business Climate events in Germany, we expect CL to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < 93 Historical events that allowed us to draw this conclusion
|24 Apr 08:00
|22 Feb 09:00
|25 Jul 08:00
|24 Jun 08:00
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).