Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect C to trend upwards right now. Based on these past events there is a 80% chance of this. We expect C to trend upwards for the next 2 hours because the released value is > 64.2. A price movement of 104,087 pips is expected.
Historical events that allowed us to draw this conclusion
23 Jun 07:30 |
23 Apr 07:30 |
19 Feb 08:30 |
16 Dec 08:30 |
23 Oct 07:30 |
23 Sep 07:30 |
21 Aug 07:30 |
24 Jul 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
