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We expect 6C to trend downwards right now.

Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect 6C to trend downwards right now. Based on these past events there is a 80% chance of this. We expect 6C to trend downwards for the next 4 hours because the released value is > 39.6. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

21 Feb 08:30
24 Jan 08:30
22 Nov 08:30
21 Jun 07:30

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

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