Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend downwards 4 hours following the event release at 16 Feb 21:00 if the released value is > 59.6. A price movement of 39 pips is expected.

Historical events that allowed us to draw this conclusion

08 Dec 21:00	15 Sep 19:00
11 Aug 19:00	19 May 19:00
21 Apr 19:00

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