Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect SB to trend upwards later today. Based on these past events there is a 80% chance of this. We expect SB to trend upwards 48 hours following the event release at 06 Jul 09:00 if the released value is < 75.2. A price movement of 110 pips is expected. Historical events that allowed us to draw this conclusion
13 Apr 09:00 |
10 Nov 10:00 |
13 Oct 09:00 |
14 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
