Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 0 pip movement on 6J within 12 hours following the event release at 14 Sep 09:00 UTC. We expect 6J to trend upwards 12 hours following the event release at 14 Sep 09:00 UTC if the released value is < -8.2% Historical events that allowed us to draw this conclusion
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”).
