Trade with an edge around todays Germany Ifo Business Climate news event

Past performance is not an indicator of future results.
Based on past Germany Ifo Business Climate news events there is a 87.5% chance of AUDUSD trending upwards. We expect this to happen because the released value is < 99. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

25 Jan 09:00
18 Dec 09:00
26 Nov 09:00
25 Oct 09:00
25 May 09:00
24 Apr 09:00
22 Feb 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).