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We expect GF to trend upwards today with a 80% chance.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect GF to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > -11.5%

Historical events that allowed us to draw this conclusion

12 Jun 09:00
16 Apr 09:00
12 Mar 10:00
12 Dec 10:00
13 Nov 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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