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There is a 80% chance of ZB trending upwards

Based on past United Kingdom GfK Consumer Confidence news events there is a 80% chance of ZB trending upwards. We expect this to happen because the released value is > -14. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

26 Sep 23:01
30 Jul 23:01
30 May 23:01
28 Feb 00:01
31 Jan 00:01

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

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