Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 26,500 pip movement on NIY for the next 2 hours. We expect NIY to trend upwards for 2 hours because the released value is > 56.5
Historical events that allowed us to draw this conclusion
23 Oct 07:30 |
23 Sep 07:30 |
21 Aug 07:30 |
24 Jul 07:30 |
24 Mar 08:30 |
21 Feb 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
