Based on the last 12 Industrial Production YoY events in Euro Area, we expect YM to trend upwards right now. Based on these past events there is a 80% chance of this. We expect YM to trend upwards for the next 48 hours because the released value is > 37.4%. A price movement of 52,500 pips is expected.
Historical events that allowed us to draw this conclusion
12 Mar 10:00 |
14 Dec 10:00 |
14 Sep 09:00 |
12 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
