Based on the last 12 Ifo Business Climate events in Germany, we expect SP to trend downwards. Based on these past events there is a 80% chance of this. We expect SP to trend downwards for 12 hours because the released value is < 87.7. A price movement of 4,915 pips is expected. Historical events that allowed us to draw this conclusion
27 Jan 09:00 |
23 May 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
