We expect GBPUSD to trend downwards for the next 12 hours. Based on these past Germany ZEW Economic Sentiment Index news events there is a 75% chance of this. We expect this to happen because the released value is > -48. A price movement of 38 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jan 10:00 |
07 Dec 10:00 |
09 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
