Based on the last 12 Ifo Business Climate events in Germany, we expect a $270 movement on AUDUSD within 12 hours following the event release at 22 Feb 20:00. We expect AUDUSD to trend upwards 12 hours following the event release at 22 Feb 20:00 if the released value is > 90.5

Historical events that allowed us to draw this conclusion

18 Dec 20:00	25 Aug 18:00
27 Jul 18:00	25 May 18:00
24 Feb 20:00

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