Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $350 movement on NZDUSD within 4 hours following the event release at 24 Mar 19:30. We expect NZDUSD to trend upwards 4 hours following the event release at 24 Mar 19:30 if the released value is > 55.8

Historical events that allowed us to draw this conclusion

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

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