Germany Ifo Business Climate News Event – a possible $90 movement on EURUSD

Based on the last 12 Ifo Business Climate events in Germany, we expect a $90 movement on EURUSD within 2 hours following the event release at 26 Nov 09:00. We expect EURUSD to trend upwards 2 hours following the event release at 26 Nov 09:00 if the released value is < 102.3

Historical events that allowed us to draw this conclusion

25 Oct 09:00

25 May 09:00

24 Apr 09:00

22 Feb 09:00

19 Dec 09:00

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

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