We expect NZDUSD to trend downwards later today. Based on these past Germany ZEW Economic Sentiment Index news events there is a 71.43% chance of this. We expect this to happen if the released value is < 24. A price movement of 73 pips is expected. Historical events that allowed us to draw this conclusion
07 Sep 19:00 |
06 Jul 19:00 |
08 Jun 19:00 |
10 Nov 21:00 |
13 Oct 20:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).