Based on the last 12 Industrial Production YoY events in Euro Area, we expect 6E to trend upwards right now. Based on these past events there is a 80% chance of this. We expect 6E to trend upwards for the next 4 hours because the released value is > -8.2%. A price movement of 1 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 09:00 |
12 Dec 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
