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There is a 66.67% chance of S trending upwards

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”).

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