Based on the last 12 Ifo Business Climate events in Germany, we expect a $0 movement on 6C within 2 hours following the event release at 25 Apr 08:00. We expect 6C to trend upwards 2 hours following the event release at 25 Apr 08:00 if the released value is > 89.1

Historical events that allowed us to draw this conclusion

22 Feb 09:00

25 Jan 09:00

24 Jun 08:00

25 May 08:00