We expect 6E to trend downwards later today. Based on these past United States ISM Manufacturing PMI news events there is a 80% chance of this. We expect this to happen if the released value is < 61. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
02 Aug 14:00 |
01 Jul 14:00 |
03 May 14:00 |
01 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
