Based on the last 12 ISM Manufacturing PMI events in United States, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 01 Oct 14:00 if the released value is < 50.1. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion
03 Sep 14:00 |
01 Aug 14:00 |
03 Jun 14:00 |
01 May 14:00 |
03 Jan 15:00 |
01 Nov 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
