Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect RTY to trend downwards later today. Based on these past events there is a 75% chance of this. We expect RTY to trend downwards 2 hours following the event release at 2024-01-16 10:00 if the released value is > 12. A price movement of 334 pips is expected.
Historical events that allowed us to draw this conclusion
12 Dec 10:00 |
14 Nov 10:00 |
17 Oct 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”).
