Based on past Euro Area Industrial Production YoY news events there is a 83.33% chance of NQ trending upwards. We expect this to happen if the released value is > -7.2%. A price movement of 27,087 pips is expected.
Historical events that allowed us to draw this conclusion
14 Sep 09:00 |
12 Jun 09:00 |
16 Apr 09:00 |
12 Dec 10:00 |
13 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
