We expect a $0 movement on 6S within 2 hours following the release of Markit Manufacturing PMI Flash at 24 Jul 07:30. We expect 6S to trend downwards 2 hours following the event release at 24 Jul 07:30 if the released value is > 48. A price movement of 0 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 Nov 08:30 |
22 Aug 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
