Are you on the right side of Germany Ifo Business Climate news event?

Based on the last 12 Ifo Business Climate events in Germany, we expect NZDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend upwards 48 hours following the event release at 26 Nov 09:00 if the released value is < 102.3. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

25 Oct 09:00
25 May 09:00
22 Mar 09:00
22 Feb 09:00

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

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