Based on past Germany ZEW Economic Sentiment Index news events there is a 80% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 40. A price movement of 58 pips is expected. Historical events that allowed us to draw this conclusion
15 Apr 09:00 |
21 Jan 10:00 |
17 Sep 09:00 |
13 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
