Based on the last 12 ISM Manufacturing PMI events in United States, we expect NIY to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NIY to trend upwards 12 hours following the event release at 01 Sep 14:00 if the released value is > 54.5. A price movement of 39,000 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 14:00 |
01 Jul 14:00 |
01 Apr 14:00 |
03 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
