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We expect a $485269 movement on ES within 4 hours following the release of ZEW Economic Sentiment Index.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 10812 pip movement on ES within 4 hours following the event release at 2023-08-15 09:00. We expect ES to trend upwards 4 hours following the event release at 2023-08-15 09:00 if the released value is > -14.7

Historical events that allowed us to draw this conclusion

13 Jun 09:00
17 Jan 10:00
13 Dec 10:00
15 Nov 10:00
18 Oct 09:00

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

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