Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 2,890 pip movement on EMD within 48 hours following the event release at 21 Feb 08:30 UTC. We expect EMD to trend upwards 48 hours following the event release at 21 Feb 08:30 UTC if the released value is < 44.8 Historical events that allowed us to draw this conclusion
16 Dec 08:30 |
24 Oct 07:30 |
24 Jul 07:30 |
18 Apr 07:30 |
21 Feb 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
