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Trade with an edge around todays US ISM Non-Manufacturing PMI news event

Trade with an edge around todays US ISM Non-Manufacturing PMI news event

Based on past US ISM Non-Manufacturing PMI news events there is a 85.7% of EURUSD trending down
We expect this to happen if the released value is > 58.0. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

05 Mar 15:00
 
06 Dec 15:00
 
05 Nov 15:00
 
03 Oct 14:00
 
06 Sep 14:00
 
05 Jul 14:00
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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SPX500 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

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