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Based on the last 12 Ifo Business Climate events in Germany, we expect a 47 pip movement on AUDUSD within 12 hours following the event release at 25 Aug 18:00 GMT+10. We expect AUDUSD to trend upwards 12 hours following the event release at 25 Aug 18:00 GMT+10 if the released value is > 100.4
Historical events that allowed us to draw this conclusion
24 Jun 18:00 |
26 Mar 20:00 |
22 Feb 20:00 |
18 Dec 20:00 |
25 Aug 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).