Based on past Germany ZEW Economic Sentiment Index news events there is a 70% chance of GC trending downwards. We expect this to happen because the released value is > 46. A price movement of 1895 pips is expected.
Historical events that allowed us to draw this conclusion
19 Mar 10:00 |
13 Feb 10:00 |
16 Jan 10:00 |
12 Dec 10:00 |
12 Sep 09:00 |
15 Aug 09:00 |
13 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
