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We expect YM to trend upwards right now.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect YM to trend upwards right now. Based on these past events there is a 80% chance of this. We expect YM to trend upwards for the next 48 hours because the released value is > 37.4%. A price movement of 52,500 pips is expected.

Historical events that allowed us to draw this conclusion

12 Mar 10:00
14 Dec 10:00
14 Sep 09:00
12 Jun 09:00

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

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We expect a $0 movement on 6E within 48 hours following the event release at 14 Jun 09:00.

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US30 is quickly approaching 34343.0000. We expect either a breakout through this line, or a rebound.

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