We expect HG to trend upwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is < 6.3%. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion
14 Jul 09:00 |
14 Apr 09:00 |
15 Feb 10:00 |
12 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
