Based on the last 12 Industrial Production YoY events in Euro Area, we expect KW to trend downwards right now. Based on these past events there is a 80% chance of this. We expect KW to trend downwards for the next 12 hours because the released value is < -2.3%. A price movement of 1,462 pips is expected. Historical events that allowed us to draw this conclusion
15 Jan 10:00 |
14 Oct 09:00 |
14 Aug 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).