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We expect a $1,120 movement on AUDUSD within 48 hours following the release of Ifo Business Climate at 25 May 18:00. We expect AUDUSD to trend upwards 48 hours following the event release at 25 May 18:00 if the released value is > 98.2. A price movement of 112 pips is expected.
Historical events that allowed us to draw this conclusion
26 Mar 20:00 |
22 Feb 20:00 |
24 Nov 20:00 |
25 Aug 18:00 |
27 Jul 18:00 |
25 May 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).