Based on past Euro Area Industrial Production YoY news events there is a 71.43% chance of NG trending upwards. We expect this to happen if the released value is < -11.5%. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion
14 Jul 09:00 |
13 May 09:00 |
14 Oct 09:00 |
12 Sep 09:00 |
14 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
