Based on past Germany Ifo Business Climate news events there is a 80% chance of GC trending upwards. We expect this to happen because the released value is > 87. A price movement of 604 pips is expected.
Historical events that allowed us to draw this conclusion
25 Aug 08:00 |
23 May 08:00 |
22 Feb 09:00 |
25 Jan 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
