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We expect 6E to trend upwards today.

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect 6E to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect 6E to trend upwards 4 hours following the event release at 06 Jan 15:00 if the released value is > 66.9. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

03 Dec 15:00
03 Nov 14:00
05 Oct 14:00
03 Sep 14:00
05 Apr 14:00
03 Feb 15:00
07 Jan 15:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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There is a 85.71% chance of NZDUSD trending upwards

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We expect a $475.2 movement on USDJPY within 12 hours following the event release at 06 Jan 15:00.

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