Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect DX to trend downwards later today. Based on these past events there is a 70% chance of this. We expect DX to trend downwards 4 hours following the event release at 23 Jun 07:30 if the released value is > 63. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
23 Apr 07:30 |
24 Mar 08:30 |
19 Feb 08:30 |
16 Dec 08:30 |
23 Nov 08:30 |
23 Oct 07:30 |
23 Sep 07:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
