Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 153 pip movement on GBPUSD within 12 hours following the event release at 2022-08-16 09:00. We expect GBPUSD to trend downwards 12 hours following the event release at 2022-08-16 09:00 if the released value is < -53.8 Historical events that allowed us to draw this conclusion
14 Jun 09:00 |
15 Mar 10:00 |
15 Feb 10:00 |
07 Sep 09:00 |
10 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
