Based on the last 12 Industrial Production YoY events in Euro Area, we expect BP to trend downwards right now. Based on these past events there is a 80% chance of this. We expect BP to trend downwards for the next 4 hours because the released value is < 0.6%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
12 Aug 09:00 |
12 May 09:00 |
14 Apr 09:00 |
15 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
