What to trade around Germany Markit Manufacturing PMI Flash news event

Past performance is not an indicator of future results.
Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect NZDUSD to trend downwards right now. Based on these past events there is a 70% chance of this. We expect NZDUSD to trend downwards for the next 12 hours because the released value is < 48. A price movement of 27 pips is expected.

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

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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