Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect YM to trend upwards for the next 48 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is > 56.5
Historical events that allowed us to draw this conclusion
23 Jul 07:30 |
23 Jun 07:30 |
23 Apr 07:30 |
24 Mar 08:30 |
19 Feb 08:30 |
16 Dec 08:30 |
23 Nov 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
