Based on past Euro Area Industrial Production YoY news events there is a 75% chance of NIY trending downwards. We expect this to happen because the released value is < 1.1%. A price movement of 4000 pips is expected. Historical events that allowed us to draw this conclusion
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15 Jun 09:00 |
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All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
