Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 910 pip movement on EMD within 4 hours following the event release at 21 Apr 09:00 UTC. We expect EMD to trend downwards 4 hours following the event release at 21 Apr 09:00 UTC if the released value is > -41
Historical events that allowed us to draw this conclusion
12 Nov 10:00 |
15 Oct 09:00 |
17 Sep 09:00 |
16 Apr 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
