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We expect a 41 pip movement on CRD within 2 hours following the event release.

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 41 pip movement on CRD within 2 hours following the event release at 06 Jul 14:00 UTC. We expect CRD to trend upwards 2 hours following the event release at 06 Jul 14:00 UTC if the released value is < 50 Historical events that allowed us to draw this conclusion

04 Dec 15:00
03 Oct 14:00
05 Aug 14:00

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

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