Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $170 movement on NZDUSD within 2 hours following the event release at 2023-05-16 09:00. We expect NZDUSD to trend upwards 2 hours following the event release at 2023-05-16 09:00 if the released value is < -5.3 Historical events that allowed us to draw this conclusion
18 Apr 09:00 |
21 Mar 10:00 |
13 Sep 09:00 |
12 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
