Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect C to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect C to trend downwards for the next 2 hours because the released value is > 72. A price movement of 162,862 pips is expected.
Historical events that allowed us to draw this conclusion
16 Mar 10:00 |
16 Feb 10:00 |
08 Dec 10:00 |
11 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
