We expect KC to trend downwards for the next 48 hours. Based on these past Germany ZEW Economic Sentiment Index news events there is a 71.43% chance of this. We expect this to happen because the released value is > -13. A price movement of 434 pips is expected.
Historical events that allowed us to draw this conclusion
17 Sep 09:00 |
19 Mar 10:00 |
19 Feb 10:00 |
22 Jan 10:00 |
11 Dec 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
