Based on the last 12 Industrial Production YoY events in Euro Area, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 14 Sep 19:00 if the released value is > -8.2%. A price movement of 67 pips is expected.

Historical events that allowed us to draw this conclusion

12 Dec 21:00

13 Nov 21:00

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