Based on past Germany ZEW Economic Sentiment Index news events there is a 80% chance of USDCHF trending downwards. We expect this to happen because the released value is > -63.4. A price movement of 38 pips is expected.

Historical events that allowed us to draw this conclusion

10 May 19:00	12 Apr 19:00
07 Dec 21:00	09 Nov 21:00

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