13 pip movement on AUDUSD expected

Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 13 pip movement on AUDUSD within 2 hours following the event release at 14 Dec 10:00 UTC. We expect AUDUSD to trend upwards 2 hours following the event release at 14 Dec 10:00 UTC if the released value is < -4.4% Historical events that allowed us to draw this conclusion

12 Aug 09:00
14 Jul 09:00
13 May 09:00
12 Feb 10:00
15 Jan 10:00