Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect AUDUSD to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect AUDUSD to trend downwards 2 hours following the event release at 16 Jun 19:00 if the released value is > 60. A price movement of 15 pips is expected.

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”).