Based on past Euro Area Industrial Production YoY news events there is a 66.67% chance of CL trending upwards. We expect this to happen if the released value is < -3.3%. A price movement of 250 pips is expected. Historical events that allowed us to draw this conclusion
14 Jul 09:00 |
13 May 09:00 |
12 Feb 10:00 |
15 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
