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We expect PL to trend upwards today.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect PL to trend upwards later today. Based on these past events there is a 80% chance of this. We expect PL to trend upwards 2 hours following the event release at 12 Dec 10:00 if the released value is < -2.3%. A price movement of 284 pips is expected. Historical events that allowed us to draw this conclusion

14 Oct 09:00
12 Sep 09:00
14 Aug 09:00
14 Jan 10:00

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

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