Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $300 movement on AUDUSD within 2 hours following the event release at 2023-03-01 15:00. We expect AUDUSD to trend downwards 2 hours following the event release at 2023-03-01 15:00 if the released value is < 48 Historical events that allowed us to draw this conclusion
01 Feb 15:00 |
04 Jan 15:00 |
01 Dec 15:00 |
02 May 14:00 |
01 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
