Based on past Germany ZEW Economic Sentiment Index news events there is a 75% chance of ES trending downwards. We expect this to happen if the released value is > 58. A price movement of 800 pips is expected.
Historical events that allowed us to draw this conclusion
21 Apr 09:00 |
12 Nov 10:00 |
15 Oct 09:00 |
17 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
