Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 37 pip movement on GBPUSD for the next 2 hours. We expect GBPUSD to trend upwards for 2 hours because the released value is < -1.3% Historical events that allowed us to draw this conclusion
14 Aug 09:00 |
13 Feb 10:00 |
14 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
