Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect 6C to trend downwards later today. Based on these past events there is a 75% chance of this. We expect 6C to trend downwards 12 hours following the event release at 11 Aug 09:00 if the released value is > 58. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
19 May 09:00 |
21 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
