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Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 11 May 19:00 if the released value is > 72. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
16 Mar 21:00 |
16 Feb 21:00 |
19 Jan 21:00 |
15 Sep 19:00 |
16 Jun 19:00 |
19 May 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).