Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect 6E to trend downwards. Based on these past events there is a 80% chance of this. We expect 6E to trend downwards for 48 hours because the released value is > 55. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
07 Jan 15:00 |
05 Nov 15:00 |
05 Sep 14:00 |
05 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
