Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 13.7
Historical events that allowed us to draw this conclusion
18 Mar 10:00 |
18 Feb 10:00 |
17 Dec 10:00 |
14 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
