Based on the last 12 Industrial Production YoY events in Euro Area, we expect 6C to trend upwards later today. Based on these past events there is a 80% chance of this. We expect 6C to trend upwards 4 hours following the event release at 12 Mar 10:00 if the released value is < -2.4%. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
15 Feb 10:00 |
12 Aug 09:00 |
14 Jul 09:00 |
13 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
