Based on past Germany Markit Manufacturing PMI Flash news events there is a 87.5% chance of CRD trending upwards. We expect this to happen because the released value is > 56.9. A price movement of 213 pips is expected.
Historical events that allowed us to draw this conclusion
22 Oct 07:30 |
23 Jul 07:30 |
23 Apr 07:30 |
24 Mar 08:30 |
19 Feb 08:30 |
16 Dec 08:30 |
23 Nov 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
