Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 4 pip movement on NG within 4 hours following the event release at 13 Oct 09:00 UTC. We expect NG to trend upwards 4 hours following the event release at 13 Oct 09:00 UTC if the released value is > 4.7%
Historical events that allowed us to draw this conclusion
15 Sep 09:00 |
14 Jun 09:00 |
12 Mar 10:00 |
13 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
