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We expect BP to trend upwards today with a 85.71% chance.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect BP to trend upwards later today. Based on these past events there is a 85.71% chance of this. This may happen if the released value is > -2.3%

Historical events that allowed us to draw this conclusion

12 Jul 09:00
13 Jun 09:00
12 Apr 09:00
13 Mar 10:00
12 Dec 10:00
14 Nov 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect USDCAD to trend downwards today with a 75% chance.

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We expect a $500 movement on NZDUSD within 48 hours following the event release at 13 Nov 10:00.

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