Based on past United States ISM Non-Manufacturing PMI news events there is a 66.67% chance of S trending upwards. We expect this to happen if the released value is > 60.5. A price movement of 1,725 pips is expected.
Historical events that allowed us to draw this conclusion
05 Apr 14:00 |
03 Feb 15:00 |
07 Jan 15:00 |
05 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
