Based on past Germany Markit Manufacturing PMI Flash news events there is a 75% chance of TN trending upwards. We expect this to happen because the released value is < 44.5. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion
24 Oct 07:30 |
24 Jul 07:30 |
23 May 07:30 |
18 Apr 07:30 |
22 Mar 08:30 |
24 Jan 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
