Based on the last 12 Ifo Business Climate events in Germany, we expect CRD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect CRD to trend downwards 4 hours following the event release at 18 Dec 09:00 if the released value is > 95.5. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
25 Oct 08:00 |
24 Sep 08:00 |
24 Jun 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
