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We expect a 193 pip movement on UB within 4 hours following the event release.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect UB to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > -65.7

Historical events that allowed us to draw this conclusion

10 May 09:00
12 Apr 09:00
07 Dec 10:00
09 Nov 10:00

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

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