Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $1030 movement on GBPUSD within 12 hours following the event release at 2022-12-01 15:00. We expect GBPUSD to trend upwards 12 hours following the event release at 2022-12-01 15:00 if the released value is < 49.8 Historical events that allowed us to draw this conclusion
03 Oct 14:00 |
01 Jul 14:00 |
01 Apr 14:00 |
04 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
