We expect UB to trend upwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 71.43% chance of this. We expect this to happen if the released value is > 0.5%. A price movement of 210 pips is expected.
Historical events that allowed us to draw this conclusion
14 Nov 10:00 |
12 Oct 09:00 |
12 Aug 09:00 |
13 Jul 09:00 |
16 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
