We expect CC to trend upwards later today. Based on these past United States ISM Non-Manufacturing PMI news events there is a 66.67% chance of this. We expect this to happen if the released value is > 50.4. A price movement of 11100 pips is expected.
Historical events that allowed us to draw this conclusion
05 Dec 15:00 |
03 Aug 14:00 |
06 Jul 14:00 |
03 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
