We expect 6S to trend downwards later today. Based on these past Germany ZEW Economic Sentiment Index news events there is a 80% chance of this. We expect this to happen if the released value is > 10. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jan 10:00 |
09 Nov 10:00 |
11 May 09:00 |
16 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
