We expect KW to trend downwards right now.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect KW to trend downwards right now. Based on these past events there is a 80% chance of this. We expect KW to trend downwards for the next 12 hours because the released value is < -2.3%. A price movement of 1,462 pips is expected. Historical events that allowed us to draw this conclusion

15 Jan 10:00

14 Oct 09:00

14 Aug 09:00

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