Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDCHF to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend downwards 12 hours following the event release at 21 Apr 19:00 if the released value is > -41. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

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”).