Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $0 movement on RU within 48 hours following the event release at 23 Nov 08:30. We expect RU to trend downwards 48 hours following the event release at 23 Nov 08:30 if the released value is > 56.5
Historical events that allowed us to draw this conclusion
23 Oct 07:30 |
23 Sep 07:30 |
21 Aug 07:30 |
24 Jul 07:30 |
23 Jun 07:30 |
21 Feb 08:30 |
24 Jan 08:30 |
22 Nov 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
