Based on the last 12 Ifo Business Climate events in Germany, we expect ZT to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect ZT to trend upwards for the next 12 hours because the released value is > 85. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
|25 May 08:00
|24 Feb 09:00
|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”).