Based on the last 12 Ifo Business Climate events in Germany, we expect NG to trend upwards. Based on these past events there is a 80% chance of this. We expect NG to trend upwards for 2 hours because the released value is > 95.3. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
18 Dec 09:00 |
24 Sep 08:00 |
25 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
