Based on the last 12 Ifo Business Climate events in Germany, we could expect ES to trend upwards later today. Based on these past events there is a 83.33% chance of this. We expect ES to trend upwards 12 hours following the event release at 24 Jun 08:00 if the released value is < 92.9. A price movement of 3,225 pips could result. Historical events that allowed us to draw this conclusion
25 Mar 09:00 |
24 Nov 09:00 |
24 Sep 08:00 |
25 Aug 08:00 |
26 Jul 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
