We expect 6E to trend downwards later today. Based on these past Germany Markit Manufacturing PMI Flash news events there is a 75% chance of this. We expect this to happen if the released value is < 52.5. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
21 May 07:30 |
23 Apr 07:30 |
24 Oct 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
