NIY could trend upwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 75% chance of this. This could happen only if the released value is < -1.1%. The price movement may be as big as 5,500 pips. Historical events that allowed us to draw this conclusion
15 Mar 10:00 |
12 Aug 09:00 |
14 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
