Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect 6C to trend downwards right now. Based on these past events there is a 80% chance of this. We expect 6C to trend downwards for the next 4 hours because the released value is > 39.6. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
21 Feb 08:30 |
24 Jan 08:30 |
22 Nov 08:30 |
21 Jun 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
