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We expect 6C to trend upwards today.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect 6C to trend upwards later today. Based on these past events there is a 80% chance of this. We expect 6C to trend upwards 4 hours following the event release at 12 Mar 10:00 if the released value is < -2.4%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

15 Feb 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”).

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We expect a 517 pip movement on LE for the next 48 hours.

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We expect DX to trend upwards for the next 12 hours.

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