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We may see NIY trend upwards today with a 75% chance.

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”).

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