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There is a 87.5% chance of CRD trending upwards

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”).

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