Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect PL to trend upwards later today. Based on these past events there is a 75% chance of this. We expect PL to trend upwards 2 hours following the event release at 24 Mar 08:30 if the released value is < 55.8. A price movement of 909 pips is expected. Historical events that allowed us to draw this conclusion
23 Sep 07:30 |
23 Aug 07:30 |
21 May 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
