We expect KC to trend downwards right now.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect KC to trend downwards right now. Based on these past events there is a 80% chance of this. We expect KC to trend downwards for the next 48 hours because the released value is < -26.4. A price movement of 462 pips is expected. Historical events that allowed us to draw this conclusion

18 Feb 10:00

13 Aug 09:00

16 Jul 09:00

14 May 09:00

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