Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 0 pip movement on HG within 4 hours following the event release at 23 Oct 07:30 UTC. We expect HG to trend downwards 4 hours following the event release at 23 Oct 07:30 UTC if the released value is < 55.1 Historical events that allowed us to draw this conclusion
21 May 07:30 |
23 Apr 07:30 |
24 Oct 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
