Based on past Germany Markit Manufacturing PMI Flash news events there is a 66.67% chance of NIY trending downwards. We expect this to happen if the released value is > 56.5. A price movement of 84,000 pips is expected.
Historical events that allowed us to draw this conclusion
23 Oct 07:30 |
23 Sep 07:30 |
23 Jun 07:30 |
24 Mar 08:30 |
21 Feb 08:30 |
24 Jan 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
