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We expect a 645 pip movement on KC within 12 hours following the event release.

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”).

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