Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $910 movement on AUDUSD within 48 hours following the event release at 23 Jul 17:30. We expect AUDUSD to trend upwards 48 hours following the event release at 23 Jul 17:30 if the released value is > 64.2

Historical events that allowed us to draw this conclusion

23 Jun 17:30	23 Apr 17:30
24 Mar 19:30	19 Feb 19:30
16 Dec 19:30	23 Nov 19:30
23 Oct 18:30	24 Jul 17:30

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