We expect GC to trend downwards for the next 48 hours. Based on these past Germany ZEW Economic Sentiment Index news events there is a 71.43% chance of this. We expect this to happen because the released value is < -38.3. A price movement of 4069 pips is expected. Historical events that allowed us to draw this conclusion
15 Mar 10:00 |
15 Feb 10:00 |
12 Oct 09:00 |
10 Aug 09:00 |
06 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
