We expect a $184 movement on GF within 4 hours following the release of ISM Manufacturing PMI at 03 Jan 15:00. We expect GF to trend downwards 4 hours following the event release at 03 Jan 15:00 if the released value is > 49.0. A price movement of 128 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jul 14:00 |
01 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
