Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 14 pip movement on AUDUSD within 2 hours following the event release at 24 Jul 07:30 UTC. We expect AUDUSD to trend downwards 2 hours following the event release at 24 Jul 07:30 UTC if the released value is > 48

Historical events that allowed us to draw this conclusion

23 Jun 07:30

21 Feb 08:30

24 Jan 08:30

22 Nov 08:30

22 Aug 07:30