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Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 21 pip movement on USDCHF within 12 hours following the event release at 11 Aug 19:00 GMT+10. We expect USDCHF to trend downwards 12 hours following the event release at 11 Aug 19:00 GMT+10 if the released value is > 58
Historical events that allowed us to draw this conclusion
19 May 19:00 |
21 Apr 19:00 |
10 Dec 21:00 |
12 Nov 21:00 |
15 Oct 20:00 |
17 Sep 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).