Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect ZB to trend downwards. Based on these past events there is a 75% chance of this. We expect ZB to trend downwards for 4 hours because the released value is < 60. A price movement of 73 pips is expected. Historical events that allowed us to draw this conclusion
17 Mar 10:00 |
18 Feb 10:00 |
16 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
