We expect a 94 pip movement on NZDUSD within 4 hours following the event release.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < 15.3 Historical events that allowed us to draw this conclusion

21 Mar 10:00

13 Sep 09:00

16 Aug 09:00

14 Jun 09:00

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