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We expect SI to trend downwards today.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect SI to trend downwards later today. Based on these past events there is a 80% chance of this. We expect SI to trend downwards 4 hours following the event release at 12 Oct 09:00 if the released value is > 24. A price movement of 77 pips is expected.

Historical events that allowed us to draw this conclusion

11 May 09:00
16 Mar 10:00
16 Feb 10:00
19 Jan 10:00

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

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