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We expect a $27913 movement on GC within the next 2 hours.

Based on past United States ISM Non-Manufacturing PMI news events there is a 66.67% chance of GC trending downwards. We expect this to happen because the released value is > 54.3. A price movement of 1584 pips is expected.

Historical events that allowed us to draw this conclusion

03 Feb 15:00
03 Dec 15:00
05 Oct 14:00
03 Sep 14:00

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

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We expect USDCHF to trend downwards right now.

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