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We expect GC to trend downwards today.

Based on past Euro Area Industrial Production YoY news events there is a 75% chance of GC trending downwards. We expect this to happen if the released value is < 0.4%. A price movement of 575 pips is expected. Historical events that allowed us to draw this conclusion

15 Mar 10:00
12 Jan 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 a 47 pip movement on GBPUSD within 4 hours following the event release.

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Esperamos un movimiento en $720 del EURUSD dentro de 4 después del evento publicado a las 2022-09-14 09:00.

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