We expect GBPUSD to trend upwards for the next 4 hours. Based on these past Germany ZEW Economic Sentiment Index news events there is a 70% chance of this. We expect this to happen because the released value is > 46. A price movement of 94 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 09:00 |
19 Mar 10:00 |
16 Jan 10:00 |
14 Nov 10:00 |
12 Sep 09:00 |
15 Aug 09:00 |
13 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
