Based on the last 12 Ifo Business Climate events in Germany, we expect EMD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect EMD to trend upwards 2 hours following the event release at 24 Feb 09:00 if the released value is < 95.3. A price movement of 545 pips is expected. Historical events that allowed us to draw this conclusion
26 Aug 08:00 |
25 Jul 08:00 |
24 Apr 08:00 |
22 Feb 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
