Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect LE to trend downwards later today. Based on these past events there is a 80% chance of this. We expect LE to trend downwards 2 hours following the event release at 16 Jun 09:00 if the released value is < 60. A price movement of 72 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”).
