We expect RTY to trend upwards for the next 2 hours.

We expect RTY to trend upwards for the next 2 hours. Based on these past Germany Markit Manufacturing PMI Flash news events there is a 70% chance of this. We expect this to happen because the released value is > 63. A price movement of 2,265 pips is expected.

Historical events that allowed us to draw this conclusion

24 Mar 08:30
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”).

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