Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $770 movement on GBPUSD within 48 hours following the event release at 16 Jul 09:00. We expect GBPUSD to trend downwards 48 hours following the event release at 16 Jul 09:00 if the released value is < -22.3 Historical events that allowed us to draw this conclusion
14 May 09:00 |
16 Oct 09:00 |
10 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
