Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect 6A to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect 6A to trend upwards 2 hours following the event release at 16 Dec 08:30 if the released value is < 56.4. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
23 Apr 07:30 |
16 Dec 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
