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We expect YM to trend downwards today with a 71.43% chance.

We expect YM to trend downwards later today. Based on these past Germany Markit Manufacturing PMI Flash news events there is a 71.43% chance of this. We expect this to happen if the released value is > 52.5. A price movement of 141,750 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 Aug 07:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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