Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 23,750 pip movement on NKD within 12 hours following the event release at 23 Apr 07:30 UTC. We expect NKD to trend downwards 12 hours following the event release at 23 Apr 07:30 UTC if the released value is > 39
Historical events that allowed us to draw this conclusion
21 Feb 08:30 |
24 Jan 08:30 |
22 Nov 08:30 |
22 Aug 07:30 |
21 Jun 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
