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There is a 83.33% chance of C trending downwards

Based on past Germany ZEW Economic Sentiment Index news events there is a 83.33% chance of C trending downwards. We expect this to happen if the released value is > 74. A price movement of 162,862 pips is expected.

Historical events that allowed us to draw this conclusion

16 Feb 10:00
08 Dec 10:00
11 Aug 09:00

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

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We expect C to trend downwards today with a 83.33% chance.

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We expect a 152,775 pip movement on C within 4 hours following the event release.

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