Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 0 pip movement on 6E within 4 hours following the event release at 05 May 14:00 UTC. We expect 6E to trend downwards 4 hours following the event release at 05 May 14:00 UTC if the released value is > 32
Historical events that allowed us to draw this conclusion
05 Feb 15:00 |
07 Jan 15:00 |
05 Nov 15:00 |
05 Sep 14:00 |
05 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
