Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect AC to trend downwards. Based on these past events there is a 71.43% chance of this. We expect AC to trend downwards for 4 hours because the released value is > -37. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
