Based on the last 12 Industrial Production YoY events in Euro Area, we expect SB to trend upwards later today. Based on these past events there is a 80% chance of this. We expect SB to trend upwards 48 hours following the event release at 15 Feb 10:00 if the released value is < -0.3%. A price movement of 76 pips is expected. Historical events that allowed us to draw this conclusion
12 Nov 10:00 |
12 Aug 09:00 |
14 Jul 09:00 |
13 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
