Based on the last 12 Industrial Production YoY events in Euro Area, we expect UB to trend upwards later today. Based on these past events there is a 80% chance of this. We expect UB to trend upwards 4 hours following the event release at 13 Jan 10:00 if the released value is > -3.3%. A price movement of 159 pips is expected.
Historical events that allowed us to draw this conclusion
14 Sep 09:00 |
12 Jun 09:00 |
16 Apr 09:00 |
12 Mar 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
