We expect 6A to trend downwards for the next 48 hours. Based on these past Germany ZEW Economic Sentiment Index news events there is a 71.43% chance of this. We expect this to happen because the released value is < 24. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
07 Sep 09:00 |
06 Jul 09:00 |
08 Jun 09:00 |
10 Nov 10:00 |
13 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
