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Based on the last 12 Ifo Business Climate events in Germany, we expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 93.8
Historical events that allowed us to draw this conclusion
25 Aug 18:00 |
27 Jul 18:00 |
25 May 18:00 |
24 Feb 20:00 |
18 Dec 20:00 |
24 Sep 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).