Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect C to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect C to trend upwards 2 hours following the event release at 2023-10-17 09:00 if the released value is > -9.3. A price movement of 138325 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 09:00 |
13 Jun 09:00 |
21 Feb 10:00 |
15 Nov 10:00 |
18 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
