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We expect GBPUSD to trend downwards today.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 18 Jan 10:00 if the released value is > 32. A price movement of 202 pips is expected.

Historical events that allowed us to draw this conclusion

07 Dec 10:00
09 Nov 10:00
11 May 09:00
16 Feb 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect SI to trend downwards today with a 66.67% chance.

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We expect a $34.326 movement on DX within the next 12 hours.

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