Based on the last 12 ISM Manufacturing PMI events in United States, we could expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 01 Jul 14:00 if the released value is > 54.9. A price movement of 57 pips could result.
Historical events that allowed us to draw this conclusion
01 Jun 14:00 |
01 Mar 15:00 |
01 Dec 15:00 |
01 Nov 14:00 |
01 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
