Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $5,979.204 movement on PL within 2 hours following the event release at 01 Jul 14:00. We expect PL to trend downwards 2 hours following the event release at 01 Jul 14:00 if the released value is > 49.5
Historical events that allowed us to draw this conclusion
01 May 14:00 |
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”).
