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There is a 75% chance of CC trending downwards

Based on the last 12 Industrial Production YoY events in Euro Area, we expect CC to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 0.8%

Historical events that allowed us to draw this conclusion

13 Jul 09:00
20 Apr 09:00
16 Feb 10:00
14 Dec 10:00
13 Oct 09:00
15 Sep 09:00

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

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