Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect ES to trend upwards later today. Based on these past events there is a 75% chance of this. We expect ES to trend upwards 2 hours following the event release at 24 Jan 08:30 if the released value is > 57. A price movement of 1,787 pips is expected.

Historical events that allowed us to draw this conclusion

16 Dec 08:30

23 Nov 08:30

23 Jul 07:30

23 Apr 07:30

24 Mar 08:30

19 Feb 08:30