Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect NG to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NG to trend upwards 48 hours following the event release at 21 Feb 08:30 if the released value is > 44.8. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
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”).
