Based on past Germany ZEW Economic Sentiment Index news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 12. A price movement of 194 pips is expected.
Historical events that allowed us to draw this conclusion
14 Nov 10:00 |
17 Oct 09:00 |
12 Sep 09:00 |
13 Jun 09:00 |
21 Feb 10:00 |
17 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
