9 pip movement on AUDUSD expected

Past performance is not an indicator of future results.
Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 9 pip movement on AUDUSD for the next 12 hours. We expect AUDUSD to trend downwards for 12 hours because the released value is > -14

Historical events that allowed us to draw this conclusion

22 Jan 10:00
11 Dec 10:00
14 Aug 10:00
20 Feb 10:00

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

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