Based on the last 12 Industrial Production YoY events in Euro Area, we expect AUDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 1.5%
Historical events that allowed us to draw this conclusion
15 Mar 10:00 |
13 Jan 10:00 |
14 Nov 10:00 |
12 Oct 09:00 |
12 Aug 09:00 |
13 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
