Based on past Germany ZEW Economic Sentiment Index news events there is a 75% chance of AUDUSD trending downwards. We expect this to happen because the released value is > 17.5. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jan 10:00 |
12 Dec 10:00 |
12 Sep 09:00 |
15 Aug 09:00 |
13 Jun 09:00 |
21 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
