We expect ZT to trend downwards right now.

Based on the last 12 Business Confidence events in Euro Area, we expect ZT to trend downwards right now. Based on these past events there is a 88.89% chance of this. We expect ZT to trend downwards for the next 4 hours because the released value is < -0.05. A price movement of 4 pips is expected. Historical events that allowed us to draw this conclusion

30 Jan 10:00

08 Jan 10:00

28 Nov 10:00

27 Sep 09:00

30 Jul 09:00

28 May 09:00

29 Apr 09:00

28 Mar 10:00

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