Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect GC to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GC to trend downwards 2 hours following the event release at 2023-03-21 10:00 if the released value is < 17.1. A price movement of 575 pips is expected. Historical events that allowed us to draw this conclusion
12 Jul 09:00 |
14 Jun 09:00 |
15 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
