We expect a $0.019 movement on HO within the next 4 hours. We expect HO to trend downwards 4 hours following the ISM Manufacturing PMI events in United States release because the released value is > 45. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
03 Feb 15:00 |
01 Jul 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
