Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect SI to trend downwards later today. Based on these past events there is a 80% chance of this. We expect SI to trend downwards 4 hours following the event release at 12 Oct 09:00 if the released value is > 24. A price movement of 77 pips is expected.
Historical events that allowed us to draw this conclusion
11 May 09:00 |
16 Mar 10:00 |
16 Feb 10:00 |
19 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
