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We expect a 26,500 pip movement on NIY for the next 2 hours.

Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 26,500 pip movement on NIY for the next 2 hours. We expect NIY to trend upwards for 2 hours because 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
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”).

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We expect a $1.003 movement on NG within 12 hours following the release of Markit Manufacturing PMI Flash.

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