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We expect a 0 pip movement on 6C for the next 12 hours.

Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 0 pip movement on 6C for the next 12 hours. We expect 6C to trend downwards for 12 hours because the released value is < 44.0 Historical events that allowed us to draw this conclusion

24 Jul 07:30
23 May 07:30
18 Apr 07:30
22 Mar 08:30
21 Feb 08:30
23 Nov 08:30
21 Sep 07:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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