Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect SI to trend downwards. Based on these past events there is a 66.67% chance of this. We expect SI to trend downwards for 2 hours because the released value is > 25.1. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
09 Nov 10:00 |
16 Feb 10:00 |
19 Jan 10:00 |
08 Dec 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
