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We expect EURUSD to trend upwards today with a 83.33% chance.

Based on the last 12 Ifo Business Climate events in Germany, we expect EURUSD to trend upwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is > 85

Historical events that allowed us to draw this conclusion

25 May 08:00
18 Dec 09:00
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”).

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We expect NIY to trend upwards right now.

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We expect a $3.055 movement on ZR within 2 hours following the release of Ifo Business Climate.

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