Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect NIY to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NIY to trend upwards 2 hours following the event release at 2022-11-15 10:00 if the released value is > -50. A price movement of 6500 pips is expected.
Historical events that allowed us to draw this conclusion
18 Oct 09:00 |
12 Apr 09:00 |
18 Jan 10:00 |
09 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
