Based on past Euro Area Industrial Production YoY news events there is a 66.67% chance of OJ trending upwards. We expect this to happen because the released value is > 0.4%. A price movement of 1325 pips is expected.
Historical events that allowed us to draw this conclusion
13 May 09:00 |
20 Apr 09:00 |
16 Feb 10:00 |
14 Dec 10:00 |
12 Nov 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
