Based on the last 12 ZEW Economic Sentiment Index events in Germany, GBPUSD may trend upwards for the next 48 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is > 8.8
Historical events that allowed us to draw this conclusion
14 Nov 10:00 |
12 Sep 09:00 |
15 Aug 09:00 |
13 Jun 09:00 |
17 Jan 10:00 |
13 Dec 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
