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We expect ZB to trend downwards with a 75% chance.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect ZB to trend downwards. Based on these past events there is a 75% chance of this. We expect ZB to trend downwards for 4 hours because the released value is < 60. A price movement of 73 pips is expected. Historical events that allowed us to draw this conclusion

17 Mar 10:00
18 Feb 10:00
16 Jul 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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