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We expect EMD to trend upwards today with a 66.67% chance.

Based on the last 12 Ifo Business Climate events in Germany, we expect EMD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EMD to trend upwards 2 hours following the event release at 24 Feb 09:00 if the released value is < 95.3. A price movement of 545 pips is expected. Historical events that allowed us to draw this conclusion

26 Aug 08:00
25 Jul 08:00
24 Apr 08:00
22 Feb 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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