Want to know why GBPUSD is going downwards for the next 2 hours?

Past performance is not an indicator of future results.
Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $160 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards for the next 2 hours because the released value is < 48

Historical events that allowed us to draw this conclusion

21 Feb 08:30
24 Jan 08:30
23 Nov 08:30
24 Oct 08:30
21 Sep 08:30
23 Aug 08:30
23 May 08:30
22 Mar 08:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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