We expect AUDUSD to trend downwards later today. Based on these past Germany Markit Manufacturing PMI Flash news events there is a 80% chance of this. We expect this to happen if the released value is < 45.1. A price movement of 23 pips is expected. Historical events that allowed us to draw this conclusion
18 Apr 07:30 |
22 Mar 08:30 |
21 Feb 08:30 |
24 Jan 08:30 |
23 Nov 08:30 |
24 Oct 07:30 |
21 Sep 07:30 |
23 Aug 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
