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We could see a 5,562 pip movement on NQ within 2 hours following this event release.

Based on the last 12 Industrial Production YoY events in Euro Area, we may see a 5,562 pip movement on NQ within 2 hours following the event release at 13 May 09:00 UTC. NQ may trend upwards 2 hours following the event release at 13 May 09:00 UTC if the released value is > -1%

Historical events that allowed us to draw this conclusion

20 Apr 09:00
16 Feb 10:00
14 Dec 10:00
12 Nov 10:00
13 Oct 09:00
14 Jun 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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