Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $150 movement on NZDUSD within 2 hours following the event release at 12 May 09:00. We expect NZDUSD to trend downwards 2 hours following the event release at 12 May 09:00 if the released value is > 11.6%

Historical events that allowed us to draw this conclusion

12 Mar 10:00

13 Jan 10:00

14 Dec 10:00

12 Jun 09:00