There is a 75% chance of BP trending upwards

Based on past Germany ZEW Economic Sentiment Index news events there is a 75% chance of BP trending upwards. We expect this to happen because the released value is > 15. A price movement of 1 pips is expected.

Historical events that allowed us to draw this conclusion

10 Dec 10:00
12 Nov 10:00
15 Oct 09:00
17 Sep 09:00
19 Feb 10:00
22 Jan 10:00

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

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