Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect 6M to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect 6M to trend downwards 4 hours following the event release at 17 Mar 10:00 if the released value is > -26.4. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
10 Dec 10:00 |
12 Nov 10:00 |
17 Sep 09:00 |
16 Apr 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
