Based on the last 12 Industrial Production YoY events in Euro Area, we expect OJ to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 2.8%
Historical events that allowed us to draw this conclusion
12 Oct 09:00 |
13 May 09:00 |
20 Apr 09:00 |
16 Feb 10:00 |
14 Dec 10:00 |
12 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
