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Based on past Euro Area Industrial Production YoY news events there is a 87.5% chance of AUDUSD trending downwards. We expect this to happen if the released value is > 2.8%. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
12 Oct 20:00 |
12 Aug 19:00 |
13 Jul 19:00 |
13 May 19:00 |
20 Apr 19:00 |
16 Feb 21:00 |
14 Dec 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).