Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 14,700 pip movement on YM within 4 hours following the event release at 22 Jan 08:30 UTC. We expect YM to trend upwards 4 hours following the event release at 22 Jan 08:30 UTC if the released value is > 57.5
Historical events that allowed us to draw this conclusion
16 Dec 08:30 |
23 Oct 07:30 |
23 Sep 07:30 |
24 Jul 07:30 |
23 Jun 07:30 |
24 Mar 08:30 |
21 Feb 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
