Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $600 movement on GBPUSD within 4 hours following the event release at 2022-10-12 09:00. We expect GBPUSD to trend downwards 4 hours following the event release at 2022-10-12 09:00 if the released value is > 1.2%
Historical events that allowed us to draw this conclusion
12 Aug 09:00 |
13 Jul 09:00 |
13 May 09:00 |
16 Feb 10:00 |
14 Dec 10:00 |
13 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
