Based on the last 12 ISM Manufacturing PMI events in United States, we expect 6E to trend downwards later today. Based on these past events there is a 75% chance of this. We expect 6E to trend downwards 2 hours following the event release at 03 Aug 14:00 if the released value is > 53.6. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
