Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $0.105 movement on HG within 4 hours following the event release at 17 Sep 09:00. We expect HG to trend downwards 4 hours following the event release at 17 Sep 09:00 if the released value is > -37
Historical events that allowed us to draw this conclusion
16 Apr 09:00 |
19 Mar 10:00 |
19 Feb 10:00 |
22 Jan 10:00 |
11 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
