Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect KC to trend downwards right now. Based on these past events there is a 80% chance of this. We expect KC to trend downwards for the next 48 hours because the released value is < -26.4. A price movement of 462 pips is expected. Historical events that allowed us to draw this conclusion
18 Feb 10:00 |
13 Aug 09:00 |
16 Jul 09:00 |
14 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).