Based on the last 12 ISM Manufacturing PMI events in United States, we expect 6A to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect 6A to trend downwards 48 hours following the event release at 02 Mar 15:00 if the released value is < 50.5. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
03 Jan 15:00 |
01 Nov 14:00 |
01 Aug 14:00 |
01 May 14:00 |
01 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
