We expect PL to trend downwards later today. Based on these past Germany Markit Manufacturing PMI Flash news events there is a 66.67% chance of this. We expect this to happen if the released value is > 48. A price movement of 3,989 pips is expected.
Historical events that allowed us to draw this conclusion
23 Jun 07:30 |
21 Feb 08:30 |
24 Jan 08:30 |
22 Nov 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
