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There is a 83.33% chance of ED trending upwards

Based on past Germany ZEW Economic Sentiment Index news events there is a 83.33% chance of ED trending upwards. We expect this to happen because the released value is > -27. A price movement of 1 pips is expected.

Historical events that allowed us to draw this conclusion

17 Sep 09:00
16 Apr 09:00
19 Mar 10:00
19 Feb 10:00
22 Jan 10:00
13 Nov 10:00

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

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