Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 645 pip movement on KC within 12 hours following the event release at 05 Apr 14:00 UTC. We expect KC to trend upwards 12 hours following the event release at 05 Apr 14:00 UTC if the released value is > 58.4
Historical events that allowed us to draw this conclusion
03 Dec 15:00 |
03 Nov 14:00 |
03 Sep 14:00 |
04 Aug 14:00 |
03 Jun 14:00 |
05 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
