Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect NKD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NKD to trend upwards 12 hours following the event release at 08 Dec 10:00 if the released value is < 45.5. A price movement of 52,750 pips is expected. Historical events that allowed us to draw this conclusion
10 Nov 10:00 |
14 Jul 09:00 |
17 Mar 10:00 |
18 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
