Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $0.078 movement on HG within 12 hours following the event release at 12 Feb 10:00. We expect HG to trend upwards 12 hours following the event release at 12 Feb 10:00 if the released value is > -2.3%
Historical events that allowed us to draw this conclusion
12 Dec 10:00 |
13 Nov 10:00 |
13 Jun 09:00 |
12 Apr 09:00 |
13 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
