Based on the last 12 Industrial Production YoY events in Euro Area, we expect 6M to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect 6M to trend upwards 12 hours following the event release at 12 Jun 09:00 if the released value is > -29.5%. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 09:00 |
12 Dec 10:00 |
13 Nov 10:00 |
12 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
