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We expect 6E to trend downwards today.

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”).

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Procter & Gamble Co. hits 130.86 after a 13.46% move spanning 37 days

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Merck & Co. Inc. has broken through resistance of a Ascending Triangle. It has touched this line at least twice in the last 12 days.

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