Based on the last 12 ISM Manufacturing PMI events in US, we expect a 12 pip movement on USDCHF within 2 hours following the event release at 01 May 14:00.
We expect USDCHF to trend down 2 hours following the event release at 01 May 14:00 if the released value is > 54.5
Historical events that allowed us to draw this conclusion
01 Feb 15:00 |
03 Dec 15:00 |
04 Sep 14:00 |
02 Jul 14:00 |
01 Jun 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
