Why you should close your AUDUSD positions today

Be very careful of upcoming volatility because of Germany ZEW Economic Sentiment Index news event later today. Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $70 movement on AUDUSD within 4 hours following the event release at 11 Dec 10:00. We expect this to happen if the released value is < -25. A price movement of 7 pips is expected.

Historical events that allowed us to draw this conclusion

16 Oct 10:00

10 Jul 10:00

12 Jun 10:00

20 Mar 10:00

12 Dec 10:00

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

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