We expect a $260 movement on EURUSD within 4 hours following the release of Markit Manufacturing PMI Flash at 24 Jul 07:30. We expect EURUSD to trend downwards 4 hours following the event release at 24 Jul 07:30 if the released value is < 45.1. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion
23 May 07:30 |
18 Apr 07:30 |
22 Mar 08:30 |
21 Feb 08:30 |
24 Jan 08:30 |
14 Dec 08:30 |
23 Nov 08:30 |
24 Oct 07:30 |
21 Sep 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
