Based on the last 12 Industrial Production YoY events in Euro Area, we expect GF 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 > -11.5%
Historical events that allowed us to draw this conclusion
12 Jun 09:00 |
16 Apr 09:00 |
12 Mar 10:00 |
12 Dec 10:00 |
13 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
