If the released value is > 58.5 for the ISM Non-Manufacturing PMI event, we could see a $0.01 movement on 6S within 48 hours following the release at 04 May 14:00. This movement may form an downwards trend for 48 hours following the event release at 04 May 14:00.
Historical events that allowed us to draw this conclusion
03 Feb 15:00 |
03 Dec 15:00 |
03 Nov 14:00 |
03 Sep 14:00 |
04 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
