What to trade around the DE ZEW Economic Sentiment Index news event
Based on the last 12 ZEW Economic Sentiment Index events in DE, we expect AUDUSD to trend up later today. Based on these past events there is a 75.0% of this.
We expect AUDUSD to trend up 4 hours following the event release at 16 Apr 09:00 if the released value is < -6. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion
|16 Oct 09:00
|10 Jul 09:00
|12 Jun 09:00
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)