Based on the last 12 Industrial Production YoY events in Euro Area, we expect 6J to trend upwards later today. Based on these past events there is a 80% chance of this. We expect 6J to trend upwards 2 hours following the event release at 13 May 09:00 if the released value is < -12.4%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
12 Feb 10:00 |
15 Jan 10:00 |
14 Oct 09:00 |
14 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
