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We expect GC to trend upwards today with a 83.33% chance.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect GC to trend upwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is > 48.1

Historical events that allowed us to draw this conclusion

18 Feb 10:00
15 Oct 09:00
14 May 09:00
16 Apr 09:00
19 Mar 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 NZDUSD to trend upwards today with a 66.67% chance.

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We expect a 26 pip movement on USDCAD within 12 hours following the event release.

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