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We expect GC to trend upwards today with a 80% chance.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect GC to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < -0.9% Historical events that allowed us to draw this conclusion

12 Nov 10:00
12 Aug 09:00
14 Jul 09:00
13 May 09:00

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

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After testing 195.72 numerous times, 3m Co. is once again approaching this price point. Can we expect a bearish trend to follow?

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We expect a 101 pip movement on SI within 48 hours following the event release.

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