Based on the last 12 Ifo Business Climate events in Germany, we expect a 3,750 pip movement on NIY for the next 2 hours. We expect NIY to trend upwards for 2 hours because the released value is > 94.7

Historical events that allowed us to draw this conclusion

24 Jun 08:00

25 May 08:00

22 Feb 09:00

18 Dec 09:00