Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 18 Jan 10:00 if the released value is > 32. A price movement of 202 pips is expected.
Historical events that allowed us to draw this conclusion
07 Dec 10:00 |
09 Nov 10:00 |
11 May 09:00 |
16 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
