Based on past Euro Area Industrial Production YoY news events there is a 80% chance of AUDUSD trending downwards. We expect this to happen if the released value is < 0.6%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
12 Aug 09:00 |
12 May 09:00 |
14 Apr 09:00 |
15 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
